ChainCatcher reported that according to Jinshi, on the 24th local time, US President Biden gave a speech in the Oval Office of the White House to explain his withdrawal from the 2024 presidential election. On July 21, local time, US President Biden announced his withdrawal from the 2024 presidential election. Biden said in a letter posted on his personal social media that day that he had intended to seek re-election, but in the best interests of the Democratic Party and the United States, he decided to withdraw from the presidential election and will focus on completing his presidential duties during his term.