Will Donald Trump Vs. Kamala Harris’ candidacy in the 2024 US election have a positive impact on the crypto ecosystem? Read the full explanation in this article.
The United States presidential election has become a highlight among the crypto community. The reason is, that the United States is a region that often focuses on crypto regulations.
Therefore, the crypto community hopes that Donald Trump vs. Kamala Harris can get a detailed explanation of their plans for crypto regulation when they are elected.
Kamala Harris is considered to be more open to crypto if elected than her boss, Joe Biden. However, Kamala Harris remains behind Donald Trump, who from the start has paid full attention to the crypto ecosystem, even outspokenly wanting America to become a center for Bitcoin mining.
Donald Trump and His Interactions in the Crypto Ecosystem
Donald Trump is already “more experienced” in the crypto ecosystem than his opponent, Kamala Harris. Since his confirmation that he will be a presidential candidate in the 2024 US Election, he has been welcomed by the crypto community. Memes about him appeared to attract attention.
In his campaigns in various regions, Trump also loudly called for supporting cryptocurrencies and relaxing regulations. Last July, Donald Trump even promised to fire Gary Gensler, who is currently the head of the SEC. It is common knowledge that the SEC is often an obstacle to the development of the crypto ecosystem in America.
Increasingly gaining support from the crypto community, Trump is also increasingly strengthening his position to support the progress of cryptocurrency by becoming a figure who does it The first transaction is on a bar called PubKey. This transaction was carried out in mid-September and received a positive reaction from crypto circles.
Recently, Donald Trump also stole the attention of the crypto ecosystem by launching a platform called World Liberty Financial or WLFI. WLFI is a crypto platform that offers various financial activities, including lending, investment, and digital transactions.
Before its launch, WLFI even received more than 100,000 registrations and this fact is of course good news for Donald Trump in his candidacy in the 2024 US Election.
Kamala Harris and the Crypto Regulatory Framework
Not wanting to be left behind by Donald Trump, Kamala Harris also tried to attract the sympathy of the crypto community by stating that she also supports crypto. In her campaign in Erie, Pa., Kamala Harris outlined a big agenda in which she discussed Harris’ substantive policies on cryptocurrencies.
There is a crypto regulatory framework there. However, Harris did not explain in detail how he would create the regulatory framework.
There is no mention of Bitcoin, blockchain, or other digital assets in the regulations proposed for the crypto ecosystem. Due to this, the crypto community feels disappointed with Kamala Harris.
Conclusion: Trump Vs. Harris, Will Crypto Get the Benefit in the End?
No matter how sweet Donald Trump’s promises are and how Kamal Harris provides evidence of his support for crypto, the crypto community must remain careful about the existing political system. Every crypto observer must provide neutral criticism and suggestions without leaning towards either candidate to the extreme.
Policy in America will always be the basis for how crypto tokens are traded so that the results of the US election will determine future crypto developments.
You can do comprehensive analysis and research when you want to buy a coin. Know Bitcoin price, Ethereum, XRP, Solana, USDT, and other tokens. Use features on a trusted global exchange website, such as Bitrue, to find out crypto market conditions in real-time.