This development attracted attention as Kennedy’s withdrawal from the election race came just days after Republican presidential candidate Donald Trump announced that he would offer the independent candidate a role in his administration.

In his statement to CNN, Trump stated that he would offer Kennedy a position in his administration if he withdraws from the race.

Robert F. Kennedy Jr.’s withdrawal from the election race is important in terms of the potential impact of the US elections on global crypto regulations. As the largest player in the world economy, the United States often plays a leading role in setting international regulatory standards.

Therefore, the results of the US elections could have a major impact on global crypto regulations. Trump is at the forefront again in the election prediction markets and stands out as the candidate with the highest probability of winning the elections.

According to Polymarket data, at the time of publication, 51% of users were betting that Trump would win the election, while only 47% believed in Democratic presidential candidate Kamala Harris’ chances of victory.

Trump’s rates rose last week, surpassing Harris’. On August 12, Polymarket’s odds showed Harris at 52% and Trump at 46%. But more people started betting on Trump’s chances at the presidency, and the odds shifted in Trump’s favor.

It is thought that RFK Jr. could play an important role in the Trump administration. Nicole Shanahan, who was part of RFK Jr.’s election campaign, offered to join forces with former President Trump.

Shanahan hinted at a potential partnership on the Impact Theory podcast on August 20. “I think we need to sit down and talk before we can really make a change,” Shanahan said. “If this is going to be a unity party, I think we owe it to the American public to investigate this,” he said.

Shanahan stated that his decision to withdraw from the 2024 presidential campaign and join forces with Trump was based on the possibility of a Harris-Walz presidency. He stated that the Kennedy-Shanahan campaign received more votes than the Democrat-led campaign and therefore had more influence over the GOP’s leading candidate.

RFK Jr.’s promise to end anti-crypto policies was received positively by the crypto community. Kennedy had promised to support the US dollar with Bitcoin (BTC) in 2023. This issue was later used as a campaign issue by Trump. The crypto community welcomed Kennedy’s promise and expects a more liberal approach to regulating cryptocurrencies.

Kennedy’s decision to withdraw and his possible cooperation with Trump are being watched carefully in terms of their effects on US domestic politics and global regulations. How Kennedy’s statements and Trump’s policies will take shape in the coming days will be followed with great curiosity by both the American and international public.