Crypto Advocates on the Hunt: Searching for a Friendly Presidential Face Amidst a Longshot Field

As the U.S. presidential race sees departures, only two remaining candidates, Dean Phillips and Robert F. Kennedy Jr., openly support the crypto industry. GOP contenders Ron DeSantis and Vivek Ramaswamy recently withdrew, endorsing Trump, adding uncertainty to the crypto landscape.

DeSantis, once a staunch Bitcoin supporter, ended his campaign on Jan. 21, citing a lack of viable prospects. Ramaswamy, a vocal pro-crypto GOP candidate, withdrew on Jan. 16, aligning with Trump. Democratic candidate Phillips believes neither Trump nor Biden is suited for crypto leadership, emphasizing the need to avoid stifling innovation.

Kennedy, an independent, stands out for accepting Bitcoin donations and pledging to back the U.S. dollar with Bitcoin. While Phillips faces challenges, Biden dominates Democratic polls. Kennedy aims to secure ballot inclusion and filed to establish his own party in six states, easing access.

Other contenders like Cornel West, Jill Stein, Nikki Haley, and Ryan Binkley, considered longshots, haven't clarified their stance on cryptocurrencies. Marianne Williamson, a Democratic candidate, expressed disappointment over Canada blocking crypto wallets during 2022 protests.

Amidst uncertainty, hopes rest on former President Donald Trump. Despite past anti-crypto sentiments, Trump's recent vow against a central bank digital currency (CBDC) raises questions. Perianne Boring of the Chamber of Digital Commerce notes Trump's mixed history, emphasizing his administration's unfavorable crypto regulations. Trump's involvement in NFTs suggests a potential shift towards crypto friendliness.

House Majority Whip Tom Emmer suggests a second Trump administration might be friendlier to the crypto industry. As the November 5 elections approach, Trump and Biden lead their respective parties in national polls, maintaining intrigue over their crypto policies.