Maybe, but one never knows what's what when you're talking about politics with extremely incomplete information, e.g., what's being said and done behind the scenes. On the other hand, this isn't bad news by any means when it comes to bitcoin and could be much worse.
My question is whether Trump has a chance in November; I expected him to be a two-term president, but got quite a shock when Biden won it. And if Trump's got a shot at winning, that would depend on who he's running against--I don't follow politics, as it makes my blood boil, but is Biden still insisting on running for a second term? If so, any sane person would vote against him (as opposed to voting for his opponent). I've got very mixed feelings about this upcoming election, since I was very much anti-Trump when he ran the first time but came to see that his presidency wasn't nearly as bad as I'd figured it'd be. My prediction was that there would be a nuclear holocaust, but that didn't come to pass. Do I like him? Nope. But man oh man, I really think we need a Republican in the White House. It'd be good for bitcoin, but more importantly I think it'd be far better for the economy and our national debt.
As November gets closer I'll likely start paying more attention to what's happening in the race. Until then, for my own sanity I'm just tuning all of it out.