Crypto voters are eagerly waiting to see what happens ahead of the crucial 2024 US election. With debates, revelations, promises, and new legislation underway, the presidential race is becoming more competitive by the day. In a new development, Bloomberg reports that President Joe Biden extended his financial lead in March, raising more than $90 million for the Democratic Party and his re-election campaign, surpassing the amount raised by Republican candidate Donald Trump. It was reported that.
Joe Biden raises $192 million for campaign
According to a statement released by the Biden campaign, the president and his party had $192 million in cash on hand at the end of March, the highest amount ever for a Democrat at this stage in an election cycle. That's more than double the amount President Trump and the Republican Party have been claiming since last month.
Related article: Spot Ethereum ETF: Polymarket approval odds fixed at 45%
Are crypto voters supporting Biden?
Some may wonder whether crypto voters will support the Biden administration, as it has been somewhat strict on crypto laws. But that doesn't seem to be the case. As CoinGape has previously observed, the interests of US voters are changing. Forbes also notes that 22% of survey respondents who own crypto identified themselves as Democrats, 18% as Republicans, and 22% as independent, based on survey data from Coinbase and Morning Consult. .
And, according to Anthony Scaramucci, Trump's second term is “in jeopardy.” He also talked about how he won't vote for his former employer and how he thinks other Americans won't either. Scaramucci claims there is a “Davos mentality” that supports the idea that Republicans can win in November.
According to Forbes, one in five Americans now owns digital assets. That's 52 million people. This total is large enough to have a significant impact on the outcome of the US presidential election. Therefore, governments that want to win elections will likely need to win the support of crypto voters.
Who will be leading in the next election?
Joe Biden currently leads Republican Donald Trump in six of the seven key battleground states, with a decisive lead over Trump in at least two of those states. Democratic Party popularity is at an all-time high, according to a regular survey conducted by Morning Consult and Bloomberg News. The support for the president comes after the State of the Union address, which seemed to energize Democrats and allay concerns about Biden's retirement. This follows a five-month period in which Trump's lead remained almost constant. As voting day approaches, it will be interesting to see which side crypto voters side with and what new regulations lawmakers enact.
Also read: Bitcoin whale buys $1 billion worth of assets: Bullish outlook?
