In their pivotal 90-minute debate, US President Joe Biden and former President Donald Trump overlooked cryptocurrency, despite substantial lobbying efforts by crypto advocates leading up to the election.

During the debate, hosted by CNN, the candidates focused on economic plans, abortion rights, immigration, and foreign policy, with no mention of the crypto sector. This silence is notable given that Political Action Committees (PACs) funded by crypto interests raised $202.8 million and spent $93.6 million in attempts to influence the 2024 elections.

Major contributors include super PACs such as Fairshake, Protect Progress, and Defend American Jobs, which together amassed the third-highest fundraising total in PAC history. These PACs can receive unlimited donations but are prohibited from coordinating directly with campaigns.

Despite the lack of attention during the debate, the crypto industry remains optimistic about potential support from the eventual winner. Trump has previously expressed favor for Bitcoin and vowed to end what he perceives as Biden’s antagonism towards crypto. Biden, on the other hand, appears to be warming up to the crypto sector, although his association with SEC chief Gary Gensler, known for tough regulatory actions against crypto ventures, may dampen enthusiasm within the industry.

Polling data indicates that despite significant financial backing from the crypto industry, cryptocurrency is not a primary concern for most US voters. Therefore, its omission from the presidential debate likely reflects its perceived secondary role in influencing voter preferences.

The next debate between Biden and Trump is scheduled for September 10, with the US presidential elections and other key contests set for November 5.