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Crypto is already a hot topic in the ongoing U.S. presidential election campaign. Donald Trump
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
The Republican presidential candidate, has made several positive remarks about the crypto industry and is widely seen as the favorite among many crypto enthusiasts. On the other hand, Kamala Harris
Kamala Harris
Kamala Harris is an American politician attorney, and currently serving as vice president of the United States. She is the first female vice president and the highest-ranking female politician in the U.S. Kamala was Born in Oakland, California, and graduated from Howard University with a degree in political science and economics, and later pursued her law degree from the University of California, Hastings College of the Law. As a politician, she implemented stricter laws, the DREAM Act, and federal legalization of cannabis, healthcare, and taxation reform. Harris secured enough non-binding support from delegates to become the speculative nominee of the Democratic Party.
Vice President
who stepped in as the Democratic candidate following President joe biden
joe biden
Joe Biden
President
unexpected decision not to seek re-election, represents a party with a mixed history on crypto. While the current Democratic administration has not been particularly supportive of the crypto industry -during this regime, the industry has witnessed several regulatory crackdowns, recently the Democrats have shifted their approach slightly. A notable example is the SEC’s green signal to spot Ethereum ETFs.
There is even talk of launching a “Crypto for Harris” campaign. Against this backdrop, the highly anticipated interview between two of the most influential figures in the United States – Donald Trump and business leader Elon Musk – gains significant relevance. The discussion, expected to cover a wide range of topics including the future of crypto, is set to take place on Monday at 8 PM EST on X Spaces.
X Spaces Interview and the US Election: A Game Changer?
Could this interview alter the course of the US election campaign? It is hard to predict at this stage. Elon Musk has openly supported Donald Trump on multiple occasions, and his optimistic stance on the crypto industry is well-known. X Spaces is expected to see heavy traffic during the live interview, and the platform has conducted system scaling tests in anticipation. The crypto community, which has a massive presence in X, will undoubtedly keep a close eye on this event. If the discussion on crypto unfolds as many expect, it could benefit the Republican camp massively. The actual impact will largely depend on how well-prepared the Democratic side is to counter any major statements made about the future of crypto during the scheduled interview.
Key Topics for the Trump-Musk X Spaces Interview
Cryptocurrency is sure to be a central topic. In a recent tweet, Musk announced that the interview would be unscripted, with no limitations on what they might discuss. The general expectation is that the conversation will span a broad range of issues, from finance and crypto to potentially even geopolitical topics.
Crypto Price Analysis: What to Expect After the Interview
At the time of writing this article, the price of Bitcoin is approximately $58,699.68. In the last 24 hours, it has seen a decline of 4.3%, though in the last hour, it has witnessed a slight upward momentum of 0.9%. Interestingly, it marks a 30-day change of 1.2% and a 7-day change of 11.3%. The trend in the Ethereum chart is almost similar. In the last 7 days, it has marked a rise of +10.3%. Though its 24-hour change is -4.1%, its one-hour change is +0.9%. But unlike Bitcoin, in the last 30 days, Ethereum has seen a massive fall of -18.1%. There is a possibility of price fluctuations in the major cryptocurrency charts following the interview.
The upcoming Trump-Musk interview is poised to be a crucial moment for the crypto community, as well as for the Republican candidate, who is preparing for an important debate with his political opponent in September. With both personalities being influential figures, their conversation could have significant implications, not just for the crypto market but also for the broader election campaign. Can it swing the crypto vote base to the Republic side? Only time can tell!
