Although Bitcoin won't be on the ballot this election day, it's hard to deny the digital assets' control over American politics this election cycle.
From U.S. Congressmen pledging support for new regulations for the digital assets industry to Trump's launch of Project Defi, crypto industry leaders, crypto has dominated major media headlines and resonated on social media platforms.
Here's a roundup of the crypto industry's most significant events ahead of Tuesday's election day.
Trump NFT Mar-a-Lago event
Donald Trump cheered the crypto-friendly crowd by promising to side with digital asset companies in May. In preparation for the latest NFT gathering at Mar-a-Lago.
The former president pledged to protect the burgeoning US crypto industry in response to a request from an NFT developer from the popular Digod Project, sporting a pair of Pit Viper shades on his soiree.
The recorded moment set social media ablaze, reinforcing the positivity among some crypto enthusiasts about the future of US crypto regulation and policy. Despite the current silliness, some have hailed crypto as a game-changer in politics.
Republicans put Bitcoin on the party platform
GOP In early July, he rallied behind Donald Trump's crypto pivot, pledging to “protect my right to my bitcoins” and provide self-sufficiency. In their party platform.
The Republican National Committee's manifesto expressed broad support for digital asset companies, pledging to end the “illegal and un-American abuse” of the US crypto industry.
Trump and RFK Jr. Talk Bitcoin at BTC Nashville
Donald Trump made a promise. Create a strategic Bitcoin reserve for the US Federal Reserve If selected, by A Speaking at BTC Nashville On July 27. He also vowed to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler and remove regulators from crypto.
Meanwhile, then-independent presidential candidate Robert F. Kennedy Jr. (RFK Jr.) presented a more complicated and detailed plan to promote bitcoin at a separate event at the same conference. RFK eventually quit the campaign and threw his support behind Trump.
Financial statement of world freedom
The Trump Organization has announced that it will launch another crypto-related venture in August.
The details of the business, called Global Freedom Financial (formerly Defiant Ones), a DeFi platform, were not very clear at the time. However, Trump promised the project would free the “average American” from the “big banks and financial elites,” according to Truth Social.
The announcement was met with cheers among users on Crypto Twitter, but invited questions about potential conflicts of interest due to Trump's growing influence with the crypto industry ahead of his re-election bid.
Trump He shared more details. In an interview with Rag Radio Live in September about the project, Decryptsister company, and hosted a token sale in October He saw moderate interest.
Decrypt In October, he reported that he has a financial plan for the freedom of the world It issues its own stable coin.citing sources familiar with the plans.
Crypto4Haris Round Table
Senator Chuck Schumer (D-NY) is poised to pass legislation that would provide clear regulatory protections for the crypto industry in the United States. A digital town hall meeting for Democratic presidential candidate Kamala Harris In August.
The 90-minute Crypto4Harris live stream brought together several US Democrat members of Congress such as Willie Nickell, a host of key crypto industry players, and billionaire investor and entrepreneur Mark Cuban. The event is one of the first public partnerships between US Democrats and digital asset companies.
Trump token speculation – and scams
In the year In August, crypto holders expressed excitement over the Trump family's plan to release a DeFi platform called the Global Freedom Project. But their enthusiasm was fading. WLF came upon the biggest scourge of the decentralized financial world– Scammers.
In early September, fraudsters released several fake pages for the long-awaited project. The communications were advertised on the social media accounts of several Trump family members, who appeared to have been hacked.
The confusion led some WLF investors to click on malicious links and lose their crypto holdings. The scams marred the launch of the DeFi project, which experienced poor engagement and token sales.
Further complicating matters were the conflicting claims as to whether the DJT token was an “official” Trump coin that was ultimately created with the help of Donald's son, Barron Trump. “PharmaBro” Martin Shkreli said. This, however, has never been confirmed and former Trump ally Roger Stone claims he has. It was not a legitimate Trump project.
Trump buys burgers in NYC with Bitcoin
Trump Buy a round of burgers with Bitcoin In September at PubKey, a BTC-themed bar in Manhattan. The campaign results come months after the Republican candidate spoke at Bitcoin Nashville.
In video clips shared from the cafe, he used a smartphone to make the purchase using bitcoins. Then he continued Call them “crypto burgers”. Bitcoiners have tried to correct him, but none of the staunch BTC supporters seem to have caught on to him.
Harris finally mentioned blockchain
Vice President Kamala Harris She broke her silence on crypto. In September, she surprised fans and detractors at the Economic Club of Pittsburgh.
The Democratic presidential candidate said in his speech that his administration will fight to help the US “remain dominant in AI and quantum computing, blockchain and other emerging technologies.”
The public comments came about a week after Harris spoke to donors about digital assets at a campaign fundraiser.
Her acknowledgment of the crypto industry came shortly after the vice president's top campaign adviser said at the Democratic National Convention that the Harris administration would support new technologies.
Harris reveals control schemes targeting black men
The Harris campaign has made waves on social media by pledging to make new digital property regulations part of its own in the US. An official strategy to target black voters.
In a forum titled “Kamala Harris Gives to Black Men,” the Harris campaign said it “supports a regulatory framework for cryptocurrencies and other digital assets so black men who invest in and own these assets are protected.”
The platform was met with derision and praise on social media, with some Crypto Twitter users criticizing the campaign's use of identity politics.
Other detractors questioned the platform's decision to single out black men, raising questions about how much black male voters think about crypto as an election issue. The campaign ultimately made it clear that such schemes would continue without any specific racial restrictions.
Edited by Sebastian Sinclair and Andrew Hayward
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