Elon Musk Shows Public Support For Pro-Crypto Presidential Candidate

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	32,200,484,829	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

32,200,484,829

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0503	9.35%	0.5886	0.5885	0.5886

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0503

9.35%

0.5886

0.5885

0.5886

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5946	0.5326	0.538	0.5378	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5946

0.5326

0.538

0.5378

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:42:02	379.78	0.5886	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:42:02

379.78

0.5886

USD

Price x Volume	Volume	Base Symbol	Related Pairs
100,173,203.58	177,559,029.45	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

100,173,203.58

177,559,029.45

Elon Musk Shows Public Support For Pro-Crypto Presidential Candidate

19/08/2023 6:10pm

NEWSBTC

X (formerly Twitter) owner Elon Musk is known to have an underlying interest in politics and cryptocurrencies. And this time around, the world’s richest man has showered praises on a pro-crypto candidate. Elon Musk Compliments Pro-Crypto Ramaswamy Elon Musk revealed his admiration for Republican Presidential Candidate Vivek Ramaswamy in response to a clip of Ramaswamy’s appearance on Tucker Carlson’s online show posted on the X platform. In the tweet, Musk labeled him “a very promising candidate.” Related Reading: XRP Pain May Not Be Over Following This Decision In The Ripple Vs SEC Case This isn’t the first time the world’s richest man has shown public support for a pro-crypto candidate, as Florida Governor Ron DeSantis was meant to announce his presidential bid during a chat with the Tesla CEO. Meanwhile, Ramaswamy is known to have taken a pro-crypto stance since the beginning of his campaign. As part of his campaign, he has promised to create a more viable environment for the crypto industry in the US. The presidential candidate has gone as far as incorporating Bitcoin donations into his campaign funds. During a Bitcoin 2023 conference in May, he announced that his campaign committee was “officially” accepting Bitcoin donations. Interestingly, another presidential candidate Robert F. Kennedy also announced that his team was accepting Bitcoin donations during this conference. Total market cap sees a slight recovery to $1.038 trillion | Source: Crypto Total Market Cap on Tradingview.com Crypto A Focal Point Ahead Of Next Year’s Elections Cryptocurrencies have continued to gain more attention in the political sphere ahead of the 2024 US elections. This isn’t surprising, considering that many US voters are said to be actively invested in digital assets. Last year, a poll conducted by the crypto-focused political group GMI PAC revealed that 44% of US voters own or are considering owning digital assets. As such, it is expected that politicians will be looking to target this group of voters. Presidential candidates like Ramaswamy and Kennedy have shown their inclination toward crypto. Kennedy, for one, has described cryptocurrency as a “symbol of democracy and freedom.” Republican Presidential Candidate Ron DeSantis is another huge fan of Bitcoin. The Governor has promised to end “Biden’s War on Bitcoin” if elected. He also believes every citizen should have the right “to do Bitcoin,” as he mentioned during an X space with Elon Musk. Related Reading: Shibarium Launch Saga: Block Production Resumes Despite Stuck ETH Furthermore, there is reason to believe that the outcome of the 2024 elections could significantly impact the crypto industry going forward. Former SEC Attorney John Reed Stark has predicted that the SEC’s clampdown on crypto firms could become a thing of the past if a Republican gets elected as President next year. This prediction may not be far-fetched considering that two of the front runners for the Republican Presidential ticket (DeSantis and Ramaswamy) have publicly shown their support for cryptocurrencies. Featured image from India Times, chart from Tradingview.com

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