According to TechFlow, 10x Research said that with Joe Biden withdrawing from the US presidential race, there seems to be no strong candidate who can seriously challenge Donald Trump.

The results of the November election seem to have been determined without a vote. For Bitcoin, this means a pro-cryptocurrency government will take over the White House. Historical experience shows that when a new government takes office, the SEC chairman usually resigns. Although the current SEC Chairman Gensler's term does not end until June 5, 2026, he is likely to resign in January or February 2025 Beijing time.