The trajectory of the United States presidential election changed after the current president Joe Biden said he was stepping down. Now, Vice President Kamala Harris is set to go up against Donald Trump in the elections. In an election race of Trump vs Harris, the crypto community is concerned about which one of them has a better crypto stance than the other. Below, we will analyze each of the presidential candidates and how crypto-friendly they are
Trump’s Stance on the Crypto Industry
Previously, Donald Trump wasn’t a fan of the crypto industry and didn’t want anything to do with it. According to the former US president, Bitcoin was “a scam against the U.S. dollar” and the crypto industry was “a disaster waiting to happen.”
But 2024 is an election year, and he has come on board with some of the strongest personalities in the Democratic party. Apparently, there’s a change of opinion, as crypto has become a major political topic, leading to a U-turn in opinions.
Back in May, Trump said even though many people, including himself, didn’t believe in crypto before, the industry is doing massive numbers and breaking records.
“We have some incredible things happening, I mean crypto, if you go back to crypto a couple of years ago, people said it wasn’t gonna make it but now it’s up in record numbers. I guess you could say it’s a form of currency and I think I’m for that, more and more I’m for that,” Trump said.
Presently, Trump will be present to speak at the Bitcoin Conference in Nashville, Tennessee. Apparently, this will be the first time a former United States president will be attending the world’s biggest annual celebration of Bitcoin.
Trump vs Harris: Unknown Stance from Kamala
The election trajectory of the United States suddenly changed when the current president, Joe Biden said he would be dropping out of the race. United States Vice President Kamala Harris immediately received the presumptive Democratic Party nominee.
However, one thing about Harris is that she’s never had strong words for or against digital currencies, blockchain, or the entire crypto industry. Nevertheless, many clues show that Kamala Harris will pursue the same already-standing course set by Biden.
The majority of her donors and supporters come from President Biden’s camp, and it would be quite hard for her to change the status quo of what Biden already supported – anti-crypto. Moreover, while Trump is already open to accepting cryptocurrencies for election campaigns, Kamala Harris donors aren’t interested in cryptocurrencies despite being connected to Silicon Valley.
However, billionaire investor Mark Cuban says the feedback he is getting shows that Harris will be open to crypto and AI in the future. “The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto, and government as a service,” he said.
Final Verdict on Trump vs Harris
Pending when Kamala Harris makes her opinion more open to the public, Trump already has a majority of crypto enthusiasts and Silicon Valley lining up to vote for him. Despite not being pro-crypto in the past, the former US president has dropped all grievances and is even set to speak at the Bitcoin Conference in Nashville, Tennessee.
On the other hand, the future of Kamala Harris in the crypto industry remains obscure. There are chances that she might continue with the hostile stance created by Joe Biden around the crypto industry, or provide an official opinion about her stance. Until then, Trump seems to be winning more support from crypto enthusiasts.
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