Kamala Harris Meme Coin Soars as Biden Drops Out; India’s Tax Policy Unlikely to Change

Biden drops out of the presidential race sending the comma meme token soaring and India's controversial tax policy is unlikely to change. You're watching coin desk daily. I'm your host, Jen Sasi. President Joe Biden announced on Sunday that he was dropping out of his re election campaign and will endorse Vice President Kamala Harris in minutes following the post on X meme comma a token inspired by vice President Harris hit an all time high of 2.4 cents in the mean Biden inspired coin. Bowden fell more than 60% in the past 24 hours. Mean coins are not the only tool crypto traders are using to bet on serious politics as nearly $80 million was wagered on poly market and various contracts about Joe Biden's political future. India's crypto industry has long desired a reduction on the 1% tax deducted at source. But experts say it's unlikely for the country to change its controversial tax policy. This comes as Prime Minister Modi's BJP party unexpectedly failed to secure a majority needing to form a coalition government. The budget is likely to take account of his alliance partners who have already demanded an excess of $15 billion over the next few years. Last week's $230 million hack of crypto exchange. WRX also didn't help as the incident may have pushed crypto down the list of priorities and crypto exchange bit for X said it will open for withdrawals following a five month outage. Spurred by an investigation by the Chinese police. The exchange's team were detained and investigated by police in China on February 23rd bit four X said in an expose that trading and deposits will remain suspended but that withdrawals will be open for clients that complete KYC. The exchange also said that after returning assets to users, it will cease all operations and undergo a quote, comprehensive rectification and quote. That's it for coin desk daily, get more updates on coindesk.com and we'll see you next time.