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Where Do Kamala Harris and Donald Trump Stand in Crypto?
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Where Do Kamala Harris and Donald Trump Stand in Crypto?

Nearly 65 million Americans have cast their ballots ahead of next week’s election, and the race between the two candidates is heating up.

Cryptocurrency has been a hot topic in the presidential race with former president and Republican candidate Donald Trump starting from a skeptic Current Vice President Kamala Harris, who replaced President Joe Biden as the Democratic pick in July, has signaled her intention to break with the anti-crypto policies of the current administration in which she serves. .

On: decryptWe’ve covered the ins and outs of cryptocurrency’s role in American politics throughout the entire election cycle. But with Election Day just three days away, here’s a primer on where Trump and Harris stand on crypto and what you can expect if they both secure a win next week.

Donald Trump

Former President Donald Trump has been much more vocal about crypto than Harris.

Previously anti-Bitcoin Business and real estate mogul skeptical of crypto space made a sharp U-turn We’re emerging as industry advocates on the issue and garnering plenty of support and donations along the way.

Fast forward to 2024 and Trump launched He has numerous NFT collectibles calling for the Americanization of Bitcoin and even backed a decentralized finance (DeFi) project called World Liberty Financial with his sons. World Freedom didn’t get off to a great start with potential investors, according to sources decrypt this is it plans to launch stablecoin.

Like some other Republicans, Trump railing central bank digital currencies (CBDCs) or digital dollars – effectively government-backed cryptocurrencies that are not yet available in the US but have frightened the libertarian wing of the GOP and much of the digital asset space due to fears of increased government surveillance.

His Pledge to help Bitcoin miningA major company formerly dominated by China but now with many American players fits perfectly with Trump’s fiery approach A protective brand. So is his desire to fire crypto bogeyman Gary Gensler, chairman of the crypto-targeted U.S. Securities and Exchange Commission.

Crypto executives have since backed Trump for his passion for the industry, or at least his willingness to engage publicly with an industry most politicians avoid.

If Trump is elected to a second term, will he keep his promises to protect cryptocurrencies in the US and advance the industry?

Kamala Harris

Democratic nominee Kamala Harris initially remained silent on the issue and, unlike Trump, strongly disagreed. Throwing hamburgers at Bitcoin enthusiasts At a BTC-themed New York City bar.

But crypto like that part of the former attorney general’s agenda.

Harris in October in question “Kamala Harris Will Deliver for Black Men” had plans for this space when part of its platform included a commitment specifically to the African-American community.

A document related to the campaign stated that this is to “support a regulatory framework for cryptocurrency and other digital assets, thereby ensuring the protection of Black men who invest in and own these assets.”

framing has proven controversialespecially since it’s probably his most specific comments yet about crypto. B.But a spokesman later clarified that such plans were designed for all Americans and would not be limited by race.

But this is not the only evidence that the crypto industry will comply with presidential plans. You have Harris in question He said blockchain, artificial intelligence and other emerging technologies will innovate in America, and before that he told donors at a fundraiser that he would encourage the growth of the digital asset space in the country.

Billionaire businessman and crypto enthusiast Mark Cuban previously said Decrypt in July Harris said his campaign reached out to the former Dallas Mavericks owner with questions about digital assets. Harris later said her team was “much more open” to the space than the Biden administration, and she wasn’t the only one weighing in on cryptocurrency Who is optimistic about Kamala.

Edited by Andrew Hayward

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