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<a href="https://optimisus.com/news/crypto-news/republicans-criticize-democrats-for-neglecting-cryptocurrency/" rel="noopener noreferrer nofollow">Crypto prices</a> experienced a boost on Friday, with U.S. Federal Reserve Chairman Jerome Powell confirming a monetary easing cycle next month and crypto-friendly RFK Jr. endorsing Donald Trump in the presidential campaign.<a href="https://optimisus.com/news/crypto-news/mt-gox-transfers-75m-in-bitcoin-to-bitstamp-sparking-market-reactions/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> rose by 5.6% over the past 24 hours after Kennedy&#39;s announcement, trading at $63,800. Tokens like ether, Tezos (XTZ), and Solana (SOL) gained 5% or more.The presidential race remains a 50/50 contest, but conventional thinking suggests the removal of Kennedy from the ballot will mostly benefit the GOP candidate.Both Trump and Kennedy have promised a friendlier attitude towards bitcoin and crypto than the Biden administration, with Trump suggesting the U.S. create a bitcoin strategic reserve and the firing of SEC chief Gary Gensler. The Harris campaign has taken notice, with a senior adviser stating a supportive administration for the crypto industry&#39;s growth.Recently, the crypto community expressed its dissatisfaction with the US Democratic Party. The community is dissatisfied with the party&#39;s lack of consideration for digital assets and blockchain technology, as seen in their 2024 platform. However, the Republican Party&#39;s perceived apathy has led to increased support for the financial industry, widening the gap between the two parties.

Bitcoin (BTC) Jumps to Nearly $64K

Optimisus

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