Crypto voters are cautiously observing as Joe Biden outpaced Donald Trump in fundraising for his election campaign in March. The upcoming US 2024 elections are gaining momentum with debates, promises, and new laws shaping the race for presidency. Bloomberg reported that Biden raised more than $90 million for the Democratic Party and his reelection campaign, creating a financial advantage over Trump.

In a recent announcement, Biden revealed that he had $192 million in cash at the end of March, marking the highest amount ever for a Democrat during this phase of the election cycle. This surpassed the funds raised by Trump and the Republican Party. As the election season progresses, the question arises whether crypto voters will back Biden despite the administration's strict stance on crypto laws.

The alignment of crypto voters with political parties is evolving, with a significant number of cryptocurrency owners identifying as Democrats, Republicans, or Independents. Notably, Anthony Scaramucci warned against the dangers of a second Trump term and questioned the Republican Party's prospects in the upcoming elections. Given that one in five Americans owns digital assets, cryptocurrency holders have the potential to influence the election outcome.

Joe Biden currently leads Donald Trump in six out of seven crucial swing states, indicating a growing popularity for the Democratic president. With the State of the Union address boosting Biden's support among Democrats and dispelling concerns about his age, the election landscape is changing. As the race intensifies, the role of crypto voters in shaping the election result and the impact of new legislative measures remain key points to watch.