During the campaign, Trump did everything in his power to court their favor. In July, speaking to thousands of bitcoiners at a conference in Nashville, Tennessee, Trump rightfully sang the bitcoin anthem, promising to establish the United States as a leading bitcoin mining power, establish a national “bitcoin stockpile,” and appoint a bitcoin advisor to the board in the event of a re-election. choice. Trump claimed he would turn the United States into the “crypto capital of the planet.”
In October, Trump went so far as to launch his own crypto platform, World Liberty Financial, which his family touted as a way to “return financial glory.” The platform is intended to provide peer-to-peer lending and lending services of some nature, although the Trumps provided few specific details.
“If you were a single-issue voter who cared about bitcoin growing solid money, Trump was the obvious choice,” says podcast host Peter McCormack What Bitcoin did.
In contrast, Harris The Democratic platform for 2024 she didn’t mention cryptocurrencies and only mentioned them once on the campaign trail, in a Novel York Bloomberg donor call reported. “We will encourage innovative technologies such as artificial intelligence and digital assets, while protecting consumers and investors. We will create a safe business environment characterized by consistent and transparent rules of conduct,” Harris quotes.
The reticence from Harris’ camp to take a public stance on cryptocurrencies has been interpreted by industry insiders as a signal that her presidency will be a continuation of the bad old days under Biden. “We haven’t seen any evidence that he’s going to soften his stance at all,” Carter says.
Democrat-supporting members of the crypto industry find themselves in an awkward position; although they were in line with Harris’s policies, it was conceivable that a Trump victory would be a more favorable outcome for the sector. “As a cryptocurrency entrepreneur, I’m excited about the prospect of a bull market,” says Jonathan Padilla, one of the organizers of Crypto4Harris, a coalition of left-wing members of the crypto industry. “For cryptocurrencies, Trump will likely be a much quicker sugar shot,” Padilla says, even if the president loses interest later.