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The campaign of pro-crypto presidential candidate Robert F. Kennedy Jr. is considering dropping out of the election and joining forces with Donald Trump, Nicole Shanahan, Kennedy’s running mate, said on Tom Bilyeu’s Impact Theory podcast. Shanahan’s comments were first shared by Collin Rugg, co-founder of Trending Politics.

Dropping out of the race is just one of two possible outcomes. Shanahan said Kennedy’s campaign is also considering pursuing its third-party bid, but that would risk splitting votes with Trump, which could benefit Kamala Harris’ campaign.

“There are two options we’re looking at right now and one is to stay in and form a new party, but we run the risk of a Kamala Harris and Waltz presidency because we’re taking votes away from Trump,” Shanahan said.

“Or we step down right now and join Donald Trump,” she noted, adding that it would not be an easy decision and that they would have to justify it to their supporters.

According to Politico, Kennedy’s campaign is struggling financially. As of July 2024, the campaign had $3.9 million in cash and $3.5 million in debt. Despite efforts to increase fundraising, the campaign’s spending has consistently outpaced its revenue.

If Kennedy’s campaign team decides to team up with Trump’s team, it could make for a powerful narrative during the 2024 election, as both figures have taken a pro-crypto stance.

Trump is positioning himself as a pro-crypto candidate, promising to keep all Bitcoin held by the US government and ease regulatory pressure on the crypto industry.

Harris’ position on crypto is unclear, but reports indicate her campaign team has been working to mend ties with the sector in recent weeks.

Despite crypto’s growing popularity, its potential impact on voting behavior remains uncertain. Voters often make decisions that are heavily influenced by important issues such as economic conditions.

Harris has recently faced criticism for her new economic proposals, with people like former Obama economist Jason Furman questioning the feasibility and sense of her plans.

After her speech on these proposals, Harris’ chances of winning the election fell to 49% on the decentralized prediction marketplace Polymarket, while Trump’s chances rose correspondingly to 49%.

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