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No Crypto Talk in Biden-Trump Showdown!
Joe Biden and Donald Trump didn’t mention crypto once in their 90-minute debate on Thursday.
Danielle du Toit
June 28, 2024
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Biden-Trump Debate: Crypto Goes Completely Unmentioned
Ripple CEO Slams SEC Chair’s ‘Nonsense’ Crypto Claims Amid Market Downturn
JPMorgan Issues Warning on Mt.Gox Bitcoin Sales, Predicts Volatility
Coinbase and Stripe Team Up for Enhanced Crypto Transactions
United States President Joe Biden and former President Donald Trump didn’t mention crypto once in their 90-minute debate on Thursday.
The debate covered the presidential candidates' economic plans, as well as their thoughts on abortion rights, immigration, and foreign policy.
Despite a trio of crypto-backed super political action committees (PACs) raising $202.8 million from large industry backers to influence the election, the crypto sector was not mentioned at all during the debate.
Trump recently promised to end Biden’s “war on crypto” if elected and held a meeting with Bitcoin miners where he stated that he wants cryptocurrency to be "made in America."
Ripple CEO Brad Garlinghouse criticized Gary Gensler, and called his recent remarks on the cryptocurrency industry “nonsense.”
SEC Chair Gary Gensler criticized the crypto industry in a Bloomberg interview, and accused it of harming the public.
Gensler also stated that the crypto market consists of about around 20,000 tokens that he considers to be investment contracts.
Ripple CEO Brad Garlinghouse was not happy with Gensler's comments, and claimed that if Gensler truly served the American public, he would have been "fired a long time ago."
The impending release of Bitcoin to Mt. Gox creditors is raising concerns about potential market volatility and downward pressure on BTC’s price.
The impending release of Bitcoin to Mt. Gox creditors is a big step forward after the exchange went bankrupt in 2014 and lost 850,000 Bitcoins to a hack.
After the creditors receive their Bitcoin, it is expected to introduce increased volatility to the BTC price, especially when considering the sheer amount of BTC involved.
The exact amount of Bitcoin to be sold is unclear, but it is expected to be large enough to impact market liquidity.
Coinbase and Stripe have partnered to enhance fiat-to-crypto on-ramps and off-ramps.
The partnership between Stripe and Coinbase introduces support for USD Coin (USDC) on Stripe’s platform for crypto payouts and simplifies the fiat-to-crypto conversion process.
Coinbase will integrate Stripe’s fiat-to-crypto on-ramp, which will allow users to buy cryptocurrencies using credit cards and Apple Pay.
Stripe has a historical connection with cryptocurrencies as it was one of the first payment processors to offer Bitcoin services back in 2014.
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