With nearly 65 million Americans casting their ballots ahead of next week's election, the race between the two candidates is intensifying.
Cryptocurrencies have been a big issue in the presidential race, with former President and Republican candidate Donald Trump turning from a skeptic to a self-proclaimed crypto candidate, while current Vice President Kamala Harris — who handed over the Democratic nomination to President Joe Biden in July — has expressed interest in moving away from the anti-crypto policies of the current administration she serves. .
At Decrypt, we've been covering the ins and outs of cryptocurrency's role in American politics throughout the election cycle. But with just three days until Election Day, here's a primer on where Trump and Harris stand on crypto, and what to expect if they secure victory next week.
Donald Trump
Former President Donald Trump was more vocal than Harris on the topic of crypto.
Already anti-Bitcoin and skeptical of the crypto space, has a business and real estate mogul He took a sharp U-turn On the topic, coming out as an advocate for the industry and raising enough support and donations along the way.
Fast forward to 2024 and Trump has released several sets of NFTs, called for Bitcoin Americanism, and even backed a decentralized finance (DeFi) project with his children called Global Freedom Finance. World Liberty hasn't gotten off to a good start with investors, though sources have told Decrypt that it plans to issue a stable coin.
Like most Republicans, Trump has. He resisted Central bank digital currencies (CBCCs), or digital dollars — are effectively government-backed cryptocurrencies that don't exist in the U.S., but fear increased government surveillance by the libertarian wing of the GOP and large digital assets space. .
His promise to help bitcoin mining—a big business that used to be dominated by China, but now dominated by many American players—fits Trump's firebrand perfectly. Defense brand. Chairman of the US Securities and Exchange Commission says he wants to fire crypto-bogeyman Gary Gensler.
Top executives in the crypto space have supported Trump's passion for the industry, or at least his willingness to publicly engage with an industry that is shunned by most politicians.
If elected for a second term, will Trump follow through on his promise to protect crypto in America and grow the industry?
Kamala Harris
Democratic candidate Kamala Harris was initially quiet on the topic, and unlike Trump, she certainly wasn't seen throwing burgers at Bitcoiners at a New York City bar called BTC.
But crypto is it. Part of the agenda of the former Attorney General.
In October, Harris he said. Her site plan included a special commitment to the African American community as part of the “Kemaa Harris Gives to Black Men” platform.
“To support a regulatory framework for cryptocurrency and other digital assets and protect black men who invest in and own these assets,” the campaign document said.
Frame proved to be controversial, particularly because of her most unique views on crypto to date. bA spokesperson later clarified that such plans are intended for all Americans and are not limited by race.
This is not the only evidence that the crypto industry is compatible with her presidential plans. Harris said blockchain, AI and other new technologies will be reborn in the US, and earlier at a fundraising event, she said donors would encourage growth in the digital assets space in the country.
Billionaire businessman and crypto enthusiast Mark Cuban They spoke Decrypt in July As the Harris campaign reached out to the former Dallas Mavericks owner about digital assets. The Harris camp later said it was “more open” to the position than the Biden administration — and he's not the only one optimistic about Kamala.
Edited by Andrew Hayward.
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