The first presidential debate, moderated by ABC News anchors David Muir and Linsey Davis, was a fiery clash that spanned over 90 minutes. While former President Donald Trump commanded much of the debate’s spotlight, betting markets have declared Vice President Kamala Harris as the clear winner.
While the entire crypto is bullish on US presidential elections, Elon Musk’s recent jab at Harris for dodging crypto and regulations in an open debate is quite concerning for the crypto market.Â
Crypto Community on Edge
Both candidates arrived with carefully prepared agendas, but Bitcoin enthusiasts were left disappointed as cryptocurrency reforms were notably absent from the discussion. Instead, the debate zeroed in on other pressing topics like climate change, abortion rights, international conflicts, and economic reforms.
In a recent X post, Elon Musk shared his strong opinions about the debate. He criticized the debate hosts for their treatment of Trump and acknowledged that Harris exceeded expectations. However, Musk firmly believes that Trump would more effectively enact substantial changes.
He criticized Harris for her lack of notable progress, suggesting that with President Joe Biden frequently absent, Harris is already effectively in charge.
Innovation Under Threat?
Moving on, Musk further expressed concerns about the future of innovation under current regulations. He warned that laws and regulations could worsen without significant government reform, potentially hindering major projects like high-speed rail and space exploration.
He highlighted Trump’s support for a government efficiency commission aimed at advancing large-scale projects, a stance Harris does not support. Musk concluded with a stark warning: if Harris wins, he fears humanity’s aspirations, including the quest to reach Mars, could be severely compromised.
Will elections help crypto, or is there more bloodbath awaiting? We have to wait and watch.Â
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