The United States presidential race has seen a significant shift with the recent exits of Ron DeSantis and Vivek Ramaswamy, both known for their pro-crypto stances. This departure leaves only two candidates with publicly known pro-crypto positions: Dean Phillips of the Democratic Party and independent Robert F. Kennedy Jr.
DeSantis, a Republican and an opponent of central bank digital currencies (CBDCs), ended his campaign, endorsing frontrunner Donald Trump. Vivek Ramaswamy, another Republican and outspoken crypto advocate, also dropped his bid and backed Trump. Their exits have narrowed the field to two lesser-known, yet strongly pro-crypto, candidates.
Dean Phillips, a Minnesota representative, has voiced his concerns about the current leadership's ability to lead on crypto matters. At a crypto-related forum in December 2023, he emphasized the need for the U.S. to foster innovation and not stifle it, pointing towards a future where the U.S. could be a world leader in Web3 technologies.
Robert F. Kennedy Jr. has taken his support for cryptocurrencies a step further by being the first presidential candidate ever to accept Bitcoin for campaign donations. He has made several pro-crypto statements and even promised to back the U.S. dollar with Bitcoin.
While Phillips and Kennedy are seen as longshots in the race, with current polling favoring Biden and Trump, their pro-crypto stances offer a glimmer of hope for the cryptocurrency community. In contrast, other candidates, including Cornel West, Jill Stein, Nikki Haley, and Ryan Binkley, have not signaled clear positions on cryptocurrencies.
Despite the uncertain crypto stance of frontrunners like Trump and Biden, the crypto community remains hopeful. Trump, who previously expressed skepticism about cryptocurrencies, showed a potential evolution in his stance through his involvement with nonfungible tokens (NFTs). This activity may indicate a more crypto-friendly perspective than previously assumed.
As the U.S. heads towards the polls on November 5, the pro-crypto community watches closely, hoping their interests will be represented by one of the presidential hopefuls.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
