Cryptocurrency and the 2024 US Presidential Election
The 2024 US Presidential election is shaping up to be a battleground for the future of cryptocurrency.
Trump Courts Crypto Supporters
Former President Donald Trump has made overtures to the cryptocurrency industry, promising to make the US the “crypto capital of the planet” and the “bitcoin superpower of the world.” He has also pledged to end government persecution of the industry and to never sell government-held bitcoin assets. Trump’s campaign has attracted support from Silicon Valley donors who are wary of the Biden administration’s efforts to regulate the cryptocurrency space.
Harris Emphasizes Freedom
Vice President Kamala Harris has also been fundraising, telling supporters that Trump’s policies would roll back Americans’ freedoms. Her campaign is emphasizing the importance of moving the country forward, in contrast to what they see as Trump’s backward-looking agenda.
What’s Next for Crypto?
The outcome of the 2024 election could have a significant impact on the future of cryptocurrency in the US. Trump’s promises of deregulation could lead to a more permissive environment for the industry, while Harris’s focus on protecting consumers could lead to stricter regulations. It remains to be seen how the cryptocurrency industry will fare under either candidate.
