2024 US presidential elections As we get closer, the cryptocurrency market increases its influence on candidates. Former President Donald TrumpWhile , attracts attention with its policies supporting crypto money, its rival Kamala HarrisThe fact that he does not take a definitive stance on this issue creates uncertainty among Democrats. Election campaigns funded by millions of dollars with the support of influential donors and companies in the industry have the potential to be decisive on cryptocurrency regulations.
prediction platform polymarketWhile Trump’s probability of winning the US presidential elections increased to 67.1 percent, Harris’ probability of winning decreased to 33.1 percent with a difference of 34 points. In addition, the platform reached $2.686 billion in transaction volume in predictions for the US presidential elections.
The Role of Cryptocurrency Donors in Elections Increases
Harris, cryptocurrencyWhile it does not take an official stance on the issues, the Democratic Party’s efforts to make an initiative in this field attract attention. The lawsuits filed by the SEC against crypto companies in the last two years and the collapse of major exchanges such as FTX have increased concerns in the sector.
Democrats, cryptocurrency industryIn the face of criticism from insiders, Harris is under pressure to take a crypto-friendly position. In a statement she made in New York in September, Harris said she would support “new digital technologies” but did not offer a detailed plan. This uncertainty has raised questions in the industry about Harris’ approach.
Trump’s Crypto Promises Resonated in the Industry
Trump, on the other hand, reversed his stance against cryptocurrency in 2019 in the 2024 election campaign. Trump, who draws attention with his cryptocurrency-friendly rhetoric, promises to make the USA the “Bitcoin superpower of the world”. At an event he attended in Nashville Bitcoin (BTC) 
$72,507 He announced that he would establish a “presidential advisory council” for and other cryptocurrencies. He has also vowed to increase individuals’ control over their cryptocurrencies, opposing attempts by the US Federal Reserve (Fed) to create its own digital currency.
This attitude of Trump attracted the attention of major players in the cryptocurrency industry. While the Trump campaign is the first presidential campaign to accept donations in Bitcoin, it attracts intense attention from the industry with its cryptocurrency-friendly policies. However, it is not yet known whether these promises will be realized within the framework of a concrete regulation. As the elections approach, the cryptocurrency industry is worried about Trump and Harris. election campaignsIt has become a determining factor in
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
