Joe Biden and Donald Trump, the leading contenders for the position of President of the United States in 2024, are set to engage in their first debate in four years in June.
On May 15, President Biden announced that he had received and accepted an invitation from CNN to participate in a presidential debate on June 27, and he challenged Trump to respond. According to reports, the former President promptly accepted the invitation in a statement to Fox News, stating that he was “ready and willing” to debate President Biden. Trump also expressed his readiness to engage in a debate with President Biden on his social media platform, Truth Social.
However, Trump’s legal obligations may pose a challenge to his participation in the debate. He is required to appear in a New York courtroom as a defendant in a criminal trial related to hush money payments to an adult film star and falsification of business records associated with the 2016 U.S. Presidential Election. It is uncertain whether his other pending criminal cases in the District of Columbia, Florida, and Georgia could conflict with the scheduled June debate.
If the debate is confirmed, it will take place before either Trump or President Biden officially accept their party’s nomination for the U.S. Presidency. The Democratic National Convention and Republican National Convention are expected to occur in August and July, respectively. Independent candidate Robert F. Kennedy Jr., who is trailing behind President Biden and Trump in the polls, has claimed that he has been excluded from the debate.
During their campaigns to secure the Republican Party nomination for president, candidates Vivek Ramaswamy and Ron DeSantis frequently discussed issues related to cryptocurrencies and central bank digital currencies. As recently as May 8, Trump expressed his support for cryptocurrencies during a dinner with his supporters who had purchased his nonfungible tokens. However, he has previously referred to cryptocurrencies like Bitcoin (BTC) as scams.
Many lawmakers and industry leaders who appear to be supportive of President Biden have urged him to consider the voting preferences of crypto-focused individuals in 2024. Some have pointed to the U.S. Securities and Exchange Commission’s enforcement actions against crypto firms under the Biden administration, as well as Democratic Senator Elizabeth Warren’s legislative efforts and public statements against digital assets.
President Biden has rarely spoken directly about digital assets, but he has used his position to oppose legislation and policies that are opposed by many in the crypto space. On May 8, as the House of Representatives was considering overturning an SEC policy on banks holding crypto, President Biden stated that he would veto the measure. The resolution was passed by the House with the support of 21 Democratic lawmakers and will now move to the Senate.
The last time President Biden and Trump faced each other in person was during the first U.S. Presidential debate in September 2020 at Case Western Reserve University. Trump’s former chief of staff, Mark Meadows, later revealed in his book that the former president had been diagnosed with COVID-19 days before the debate but had concealed the results.
During the previous debates, neither Biden nor Trump discussed cryptocurrency or blockchain. At the time of writing, President Biden’s campaign website did not have an “issues” page that outlined his policy positions, while Trump’s website included his stance on the economy but made no specific mention of digital assets.
Democratic Representative Wiley Nickel expressed concern in a May 11 post that many crypto owners are single-issue voters and that they may be lost in the upcoming presidential election.
With neither major presidential candidate having well-defined positions on crypto at any given moment, it remains uncertain whether the topic will be addressed in the June 27 debate or the subsequent one scheduled for September 10. Election Day in the United States is on November 5.
Is cryptocurrency set to be discussed in the upcoming June 27th US Presidential debate?
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