The post Trump vs. Harris: Crypto Policies That Could Shape U.S. Election 2024 appeared first on Coinpedia Fintech News
The U.S. presidential election in 2024 has taken an unexpected turn, especially when it comes to crypto. Donald Trump and Kamala Harris have totally different views on the topic, and it’s getting a lot of attention. Trump, who wasn’t a fan of crypto before, is now all about it. On the flip side, Harris seems more cautious and focusing on regulation instead of full-on crypto support.
Trump’s Surprising Shift Toward Crypto
So, Trump wasn’t always into crypto, right? In fact, he used to be pretty skeptical about it. But things changed this year. Now, he’s accepting crypto donations for his campaign and even launched his own DeFi platform called “World Liberty Financial” (WLF). He’s also made it clear he’s not a fan of SEC Chairman Gary Gensler, who he plans to fire if he wins. To show how serious he is, Trump showed up at the Bitcoin Conference and even did a Bitcoin transaction at a bar in New York. But here’s the catch—his platform, WLF, has only raised $12.9 million so far, way short of the $300 million target. And people are wondering if his family stands to gain too much from it, as they’re set to pocket 75% of the revenue.
According to Polymarket he has more chance of winning the U.S. elections. He has a 59.8% chances of wining while Kamala is falling behind with 40%. Major reason for this shift is Trump’s support to crypto.
Harris’ Careful Stance on Crypto—Is It Enough?
Kamala Harris, on the other hand, is being more careful. She’s not making crypto a big part of her campaign but has talked about protecting people, especially Black Americans, who’ve invested in digital assets. Her “Opportunity Agenda” for the U.S. Election aims to regulate crypto and reduce risks like fraud. But, Harris hasn’t connected with the crypto community as much as she probably wanted. A virtual town hall she hosted didn’t go over too well, and some big names, like Tyler Winklevoss, weren’t impressed. Still, she’s got support from Ripple’s Chris Larsen, who donated $1 million in XRP to her campaign. It shows that some in the crypto world believe in her cautious approach.
What’s Next?
As the election gets closer, voters are paying attention to these two very different strategies on crypto. Trump is making big promises, while Harris is offering more protection. With Bitcoin nearing $70,000, it’s clear crypto is playing a huge role in this election. Trump might be leading in the polls now, but anything could change before Election Day.