Crypto Takes Backseat in Mexico's Election Amid Cartel Violence, Corruption, and Migration

Crypto issues are unlikely to be a focus in Mexico's upcoming election due to concerns over cartel violence, corruption, and migration. The election will take place on June 2, with results expected between June 5 to June 8. The future of crypto in Mexico will depend on which party and presidential candidate takes over from President Andres Manuel Lopez Obrador, who is unable to run again under the constitution. The favorite to win the presidency, Claudia Sheinbaum, has indicated a focus on regulating blockchain to increase security in the technology and ecosystem. However, even if other contenders come to power, crypto may not be a priority due to the ongoing issues of cartel violence and corruption.