24/7 Cryptocurrency News

Breaking: President Joe Biden Not Stepping Down Ahead Of US Election

President Joe Biden said he is not going to step down from the US White House race against Donald Trump, a dent on earlier speculations
Published by
Breaking: President Joe Biden Not Stepping Down Ahead Of US Election

Highlights

  • President Joe Biden is not dropping off from the US Election race
  • He has called for unity among Democratic party members to defeat Trump
  • Crypto was subtly boycotted in his letter to Party members

United States Democrats Presidential candidate Joe Biden has made it clear that he is not stepping down from the race until he defeats Donald Trump.

Advertisement

Joe Biden Sets the Record Straight

President Joe Biden shared a copy of the letter he sent to his fellow Democrats on Capitol Hill. In this letter, the 46th United States president advocated for a unified effort from party members to defeat Trump.

At first, he acknowledged the numerous speculations about him in the press regarding him dropping from the race. Responding to this, he stated that he is fully committed to remaining in the presidential race. According to Biden, the last ten days have been filled with conversations with voters, party, elected officials and rank and file members.

Precisely, these conversations largely centered around the concerns of the people which Biden says he is not blind to. He noted that his response to them would have been to step down from the race. However, this is not the case because he believes he is the best person to beat Trump during the November 2024 election.

He referred to the Democrats nomination meeting that was held earlier. Biden received about 87%, that is 14 million votes in his favor as the presumptive nominee by a large margin. Therefore, he based his decision to remain in the race on this result, stating that the decision has been made by Democrats voters. 

To emphasize his chances of winning the election, Biden highlighted the success that his party has recorded in the past. This includes job creation, revitalization of America’s manufacturing sector, provision of affordable healthcare and other basic amenities. He is confident in the economic vision that his team has.

Advertisement

Biden Ignores the Crypto Concerns of Americans

It is worth noting that the subject of crypto was conveniently sidelined in Biden’s letter. Unfortunately, this is a core concern for many Americans and largely the reason why some prefers Donald Trump to Biden. Since campaign began, Trump has been quite vocal about his plans for the digital asset sector in the U.S.

He even vowed to support crypto companies while he described the ecosystem as a “new and burgeoning industry.” So far, all Biden has done as regards crypto is solicit donations in digital currencies and renominate anti-crypto SEC Commissioner Caroline Crenshaw. The next few months will tell how far he goes with this stance.

Read More: Solana Price Forecast As Investment Inflow Hits Record, Can SOL Hit $200 This Summer?

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025
  • 24/7 Cryptocurrency News

Justin Sun Pledges $20M Buy Following WLFI Wallet Freeze

Justin Sun Justin Justin Sun responded to World Liberty Financial freezing his wallet by promising…

September 6, 2025
  • 24/7 Cryptocurrency News

Expert Blames ‘Secret Committee’ for Rejecting MSTR Stock Inclusion to S&P 500

Michael Saylor's Strategy (NASDAQ: MSTR) missed the inclusion in the S&P 500 index on Friday,…

September 6, 2025
  • 24/7 Cryptocurrency News

MARA Bitcoin Treasury Nears $6 Billion, Trails Only Strategy in Public Rankings

MARA announced that it now holds $5.9 billion worth of Bitcoin. This cements its position…

September 6, 2025
  • 24/7 Cryptocurrency News

Senate Banking Committee Releases Updated Draft Crypto Market Structure Bill

The U.S. Senate Banking Committee has released an updated version of the draft Crypto Market…

September 6, 2025