The 2024 U.S. presidential race is heating up as candidates Donald Trump and Kamala Harris vie for the support of crypto voters. Trump has made significant strides in capturing the attention of the crypto community with his World Liberty Financial (WLF) token and plans for a Bitcoin and Crypto Advisory Council. On the other hand, Harris has taken a more understated approach, focusing on protecting crypto investors, particularly in Black communities, through her Opportunity Agenda.
Trump’s pivot towards crypto began with accepting crypto donations in May, followed by public support for Bitcoin miners in June. His appearance at the Bitcoin Conference in July solidified his commitment to the industry, promising to establish a national Bitcoin reserve and fire SEC Chairman Gary Gensler. However, his WLF project has faced challenges, raising concerns about token allocation and transparency.
In contrast, Harris has emphasized the need for regulations to ensure the safe growth of emerging technologies like crypto. Her Opportunity Agenda aims to protect crypto investors, especially in marginalized communities. Despite facing criticism for a lackluster virtual town hall, Harris has garnered support from notable figures in the crypto industry like Chris Larsen.
The odds of each candidate winning the election have fluctuated in recent weeks, with Trump currently holding a 60.1% chance of victory compared to Harris’ 39.8%. The bullish sentiment in the crypto market, particularly Bitcoin’s surge to nearly $70,000, is shaping voter sentiment and could impact the final outcome of the election.
As Election Day approaches, the influence of the crypto community on political decisions is becoming more apparent. The next few days will be crucial in determining the direction of the race and the future of crypto policy in the United States. Stay tuned for more updates on how Trump and Harris continue to court crypto voters and shape their policies accordingly.