Crypto voters are keenly watching events unfold ahead of the key US election of 2024. With debates, revelations, promises, and new laws in the pipeline, the race for president is getting hotter by the day. In a new development, Bloomberg reported that in March, President Joe Biden raised more than $90 million for the Democratic Party and his re-election campaign, exceeding the amount raised by Republican rival Donald Trump and increasing his financial lead.
Joe Biden raises $192 million for the campaign
According to a statement released by the Biden campaign, the president and his party had $192 million in cash at the end of March, the most ever for a Democrat at this point in the election cycle. This is more than double what Trump and the GOP claimed after the previous month.
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Will crypto voters support Biden?
Since the Biden administration is a bit strict with its cryptocurrency laws, one might wonder if crypto voters will side with it. However, this does not appear to be the case. The interests of American voters have changed, as CoinGap has previously noted. Forbes also notes that 22% of survey respondents who own cryptocurrencies identified as Democrats, 18% as Republicans, and 22% as independents, based on survey data from Coinbase and Morning Consult.
Additionally, according to Anthony Scaramucci, a second Trump term would be “dangerous.” He also talks about how he won't vote for his former employer and how he thinks other Americans won't either. Scaramucci claims that a “Davos mentality” supports the idea of a Republican victory in November.
According to Forbes, one in five Americans currently own digital assets. That is fifty-two million people. The total is large enough to have a significant impact on the outcome of the US presidential election. Therefore, any government that wants to win the elections will probably have to win the votes of voters in the crypto space.
Who leads in the upcoming elections?
In six of the seven crucial swing states, Joe Biden is currently ahead of Republican Donald Trump, and ahead of him decisively in at least two of them. The Democrat's popularity is at an all-time high, according to a regular study by Morning Consult and Bloomberg News. In the wake of the State of the Union address that galvanized Democrats and appeared to ease concerns about Biden's aging, there was a movement in favor of the president. This comes after five months in which Trump's lead has been largely flat. As Election Day approaches, it will be interesting to see which side crypto voters are on and what new regulations lawmakers enact.
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