According to Fox News, former President Joe Biden and former first lady Jill Biden addressed reports of his mental decline on 'The View,' emphasizing that such stories were exaggerated and reiterating his decision to withdraw from the presidential race (source: Fox News Twitter, May 8, 2025). For crypto traders, this public response may reduce uncertainty around U.S. political leadership, potentially stabilizing risk sentiment in the short term. Market participants should monitor further political developments, as clarity on leadership can influence crypto volatility and regulatory outlook.