Updated: July 21, 2024 2:37 PM EDT
US President Joe Biden will not run for reelection in the upcoming 2024 US presidential election.
Biden said in a statement Sunday that he believed it was in the best interest of the party and the country to step down. In a follow-up post on X, Biden expressed his “full support and endorsement” of Vice President Kamala Harris replacing him as the Democratic nominee.
Biden has faced increasing pressure to drop out of the race in recent weeks. Several sitting senators have called on him to drop out, and even former President Barack Obama has reportedly suggested he drop out.
According to this news, Mimecoin Ate Boden Boden
-57.87%
Tokens named after Republican presidential candidate Donald Trump have been on the rise as their rivals have been eliminated. Doland Trump is the most affected Mimecoin, up 24% since the article was published.
On prediction market Polymarket, Biden’s odds of winning the election have unsurprisingly fallen to less than 1%, while Kamala Harris is now at 26%. Trump is almost identical at 63%.
This is an ongoing story.
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About the Author
Tim is the editor-in-chief of The Block. Before joining The Block, Tim was the news editor at Decrypt. He holds a BA in Philosophy from the University of York and studied news journalism at the Press Association Training. Follow him on X @Timccopeland