The crypto industry faced a setback as two pro-crypto presidential hopefuls, Vivek Ramaswamy and Ron DeSantis, withdrew from the U.S. presidential race within a week. The departures left only two candidates with publicly known pro-crypto stances: Democratic candidate Dean Phillips and independent bidder Robert F. Kennedy Jr. While Phillips emphasised the need to avoid stifling innovation in the crypto space, Kennedy, who made history by accepting Bitcoin for campaign donations, has consistently expressed pro-crypto views. There is also speculation about former president Donald Trump potentially being "friendly to the crypto industry," adding an element of uncertainty to the landscape.