US election: Where do presidential candidates Trump and Harris stand on crypto?
From Donald Trump’s promises of a national Bitcoin stockpile to Kamala Harris’ support of a regulatory framework for digital assets, the two US presidential hopefuls have different stances on the future of crypto.
Crypto corporations have put $119 million (€110 million) into the election so far, according to an August analysis of federal election data from US non-profit Public Citizen.
Most of that money has gone to Fairshake, a super political action committee (PAC) and its affiliates on both sides of the political spectrum. They’ve received nearly $114 million (€105.4 million) directly, with multi-million dollar donations from crypto giants Coinbase and Ripple.
These companies are the biggest corporate donors to this election cycle, with 44 per cent of all corporate money coming from crypto bankers, the report said.
We take a look at where both candidates stand on crypto.
Trump, the Republican candidate, has come out with a long list of promises that he will make to the crypto industry.
At a 2024 Bitcoin conference in July, Trumppledged to end the Democrat’s “anti-crypto crusade,” by making America “the crypto capital of the world”. He also announced his acceptance of Bitcoin campaigndonations and claimed he was one of the first to do so.
“If crypto is going to define the future, I want it to be made and mined in the US,” Trump said at theconference.
On one of his first days in office, Trumpsaid he would fire the head of the US Securities and Exchange Commission (SEC), who enforces laws against market manipulation and put a Bitcoin and crypto presidential advisory council in its place.
Erwin Voloder, head of policy with the European Blockchain Association (EBA), said Trump’s sudden course correction on crypto could
Read more on euronews.com
