- Trump is more supportive of cryptocurrencies than Kamala Harris.
- Key crypto figures like Cathie Wood and the Winklevoss twins endorsed Trump for president.
As a researcher with a keen interest in both politics and technology, I have been closely following the evolving dynamics between Trump and Harris, particularly in relation to the burgeoning cryptocurrency sector. My professional journey has led me to delve deep into understanding the intricacies of blockchain technology and its potential impact on various industries, including finance and governance.
With the U.S. presidential election approaching, the contest between ex-President Donald Trump and Vice President Kamala Harris is becoming more competitive.
However, regarding the cryptocurrency sector, Trump appears to hold a significant advantage.
Despite the efforts made by the Crypto4Harris campaign to boost Harris’s popularity in the cryptocurrency sector, the Vice President hasn’t publicly demonstrated a strong affinity or backing towards the crypto industry as of now.
Harris’s policy has no mention of crypto
In my analysis, I’ve observed that cryptocurrencies have been conspicuously overlooked in her latest policy statements, which has sparked curiosity among many about her views towards this burgeoning industry.
Remarking on the same, Thinking Crypto podcast founder Tony Edward took to X and noted,
It’s reasonable to conclude that Kamala Harris and her team may not be fully grasping cryptocurrency matters, as Donald Trump seems to hold a more substantial lead in this area.
Senator Schumer’s change in stance
According to Fox Business journalist Eleanor Terret, it was announced that Senator Chuck Schumer has now reneged on his previous pledge to pass U.S. cryptocurrency legislation before the end of the year.
At the Crypto4Harris Town Hall, Democratic Senator Chuck Schumer underscored the importance of having definitive rules governing the cryptocurrency sector, calling for increased openness and scrutiny.
It’s not wise for us to remain idle, as this could lead to cryptocurrencies being transferred to countries with minimal or no regulations. This could potentially be problematic.
Expressing her sentient on the matter, Journalist Terret stated,
Adding to the fray was Dagnum P.I. who said,
It’s no shock at all. If they truly intended to enact cryptocurrency laws, they would have done so by now.
Trump wins over crypto supporters
Conversely, Trump’s strong views on cryptocurrency have been quite consistent throughout his current election campaign.
Previously skeptical about cryptocurrencies, Donald Trump has recently introduced a ‘World Liberty Financial’ project which has been gaining momentum among crypto-focused voters as the election approaches.
Trump’s recent interest in cryptocurrencies, combined with his other related initiatives, highlights a shift in his stance towards digital money.
The increased backing has catapulted Trump into first place on the Polymarket forecast graphs, with a commanding 52% of the votes. On the other hand, Harris trails slightly with 47%.
Trump has gained significant backing from influential figures within the cryptocurrency sector, such as Cathie Wood, CEO of ARK Invest, the Winklevoss twins, and numerous others.
Harris is not alone
Despite Trump’s growing support in the crypto community, Kamala Harris is not without any backers.
6th September saw CNBC report that Chris Larsen, co-founder and current executive chair of Ripple, openly supported Harris’s presidential bid. In addition to Larsen, a total of 88 American business leaders also affixed their signatures to an endorsement letter for Harris.
Among the other significant signatories are Aaron Levie, CEO of Box, Jeremy Stoppelman, CEO of Yelp, Michael Lynton, chairman of Snap, and James Murdoch, a previous CEO of 21st Century Fox.
As the election approaches, it’s intriguing to consider whether political results will be influenced more by cryptocurrency or if the fate of cryptocurrency will instead be shaped by these political outcomes.
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2024-09-09 14:16