Cryptocurrency And Bitcoin Take Back Seat in Donald Trump, Joe Biden’s Heated Presidential Debate

President Joe Biden and Former President Donald Trump are turning to the White House race, building anticipation for the first 2024 presidential debate, which started with a fresh set of accusations. 

There’s buzz on social media platform X about the crypto industry pushing for cryptocurrency discussions during tonight’s debate. Following President Biden’s veto, his campaign is reportedly looking into accepting donations through Coinbase Commerce, a move initiated by President Trump’s campaign last month.

Lawsuits against big crypto companies like Coinbase, overseen by Biden-appointed SEC Chairman Gary Gensler, have caused uproar in the industry.

However, halfway through the debate, none of the candidates opened up about their evolved views on cryptocurrencies. After describing Bitcoin as a scam shortly after leaving office, Trump has now branded himself as ‘the crypto President’ and crypto enthusiasts were keen on listening to his views on this topic. 

What Did Trump Previously Advocate?

Few years ago, at the White House, Trump had said, “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity. We have only one real currency in the USA and it will always stay that way. It is called the United States Dollar.”

However, by May 2024, Trump had flipped. He said in a speech, “I will ensure that the future of crypto and bitcoin will be made in the USA, not driven overseas. I will support the right to self-custody to the nation’s 50 million crypto holders. With your vote, I will keep Elizabeth Warren and her goons away from your bitcoin. And I will never allow the creation of a central bank digital currency.”