But under a more likely scenario, Biden would take advantage of rules that allow unlimited transfers to the candidate’s political party. In that case, Biden’s Democratic Party could spend the money supporting the party’s new candidate.
He can also transfer to a Super PAC.
Edit: In case you don’t believe me again.
Biden could also potentially transfer his funds to an independent super PAC if Harris is not on the ticket.
Yes, she’s the only candidate, but the funds can also go to the DNC or a Super PAC if Biden directs them there.
That’s incorrect. Only a few thousand is transferable to a candidate not on the existing ticket. The rest would need to be refunded to donors.
https://www.reuters.com/world/us/91-million-question-what-happens-bidens-campaign-money-2024-07-18/
Literally from the article you linked.
He can also transfer to a Super PAC.
Edit: In case you don’t believe me again.
https://www.vox.com/joe-biden/361991/361991biden-campaign-funds-after-drops-out