The 2024 US elections are just around the corner, and all financial markets, including the crypto market, are watching with anticipation. The latest developments show President Joe Biden overtaking Republican President Donald Trump in six of the seven key battleground states. In his report, Bloomberg highlights that Democrats may now have widening their lead in six states, according to polls conducted by Bloomberg.
President Biden takes control in 6 states
President Joe Biden overtook Republican Donald Trump in six of seven key battleground states, with decisive victories in at least two of them. The results show that Democrats have the highest approval ratings in regular Bloomberg News/Morning Consult polls. The presidential tilt comes in the wake of a State of the Union address that energized Democrats and appeared to allay concerns about Biden's age. This comes after five months in which President Trump's lead remained largely stable.
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Where will the cryptocurrency market lean in the 2024 US election?
It is now clear that crypto advocates are calling for improved legislation and more transparency from legislators regarding the understanding and acceptance of cryptocurrencies. One of the main examples of this is Katie Porter's defeat in the Senate. As CoinGape previously reported, Rep. Katie Porter's choice to support Sen. Elizabeth Warren's anti-crypto stance is linked to Schiff's victory over her in the California Senate primary. . Ever since John Deaton announced he would run against Elizabeth Warren in the US Senate race, people have been supporting him to increase the number of Bitcoin players in US politics. Sen. Elizabeth Warren also mobilized her base in response to rumors that she would encounter resistance for her Senate seat.
According to Forbes, one in five Americans now owns digital assets. That's 52 million people. This amount is large enough to have a significant impact on the outcome of the US presidential election. Therefore, gaining the support of Bitcoin enthusiasts will likely be necessary for any government looking to win elections.
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