Alex Thorne, head of research at Galaxy Digital, posted on
Although the ratings are subjective, they provide a useful summary of the broad differences between each candidate. What is clear is that Harris is more supportive than Biden, which is a decisive victory for the crypto industry.
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“We will present a policy scorecard of the positions of Biden, Harris, and Trump on key issues regarding Bitcoin and cryptocurrencies,” Thorne said.
Bottom line: Trump is definitely better for the industry, but we’re optimistic that Harris could be more supportive than Biden.
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Based on our analysis, we believe that the downside risk of a Harris victory is limited, and that a Trump victory could result in explosive upside.
There are few regulatory challenges, so Bitcoin should do well regardless of the outcome. Altcoins face Harris risks and could outperform Trump.
This analysis is based on a review of public statements, information obtained from campaign stakeholders, and signals from public and private campaigns.
US Vice President Kamala Harris continues to promote connections with the crypto community as part of her “Opportunity Economy” platform.
On October 14, Harris will meet with black entrepreneurs in Erie, Pennsylvania. Her agenda includes discussing the importance of supporting Black-owned small businesses, overcoming regulation of cryptocurrencies and digital assets, and advocating for federal cannabis legalization.
Harris promotes emphasis on opportunity economy
Earlier today, the Harris campaign announced that it aims to win the support of Black men by creating an economy that allows them to thrive, including homeownership, entrepreneurship, and building generational wealth through cryptocurrency. He said there was.
“Vice President Harris is committed to ensuring that Black men have the tools to succeed, whether it’s buying a home, raising a family, or building wealth.”
Source: kamalaharris.com
Has the stance towards virtual currencies softened?
While Harris has previously been seen as aligned with anti-crypto sentiment in Washington, her approach appears to be changing. Some in the industry now see Harris as a candidate open to bipartisan solutions to regulating cryptocurrencies and digital assets. However, not everyone is convinced by this so-called “crypto pivot.”
Contrary to campaign speculation, official documents related to Ely’s event emphasize her commitment to protecting rather than restricting ownership of cryptocurrencies. Campaign materials say Harris will advocate for regulations to ensure “Black men who invest in and own these assets are protected.”
Source: kamalaharris.com
Regulatory frameworks and black investors
Harris is expected to voice support for a regulatory framework tailored to digital assets in Erie. His campaign announced Monday that his speech will lay out plans to help ensure Black men and others participating in the cryptocurrency market are protected under a clearer legal structure. That’s what it means.
The campaign also noted that Harris is keenly aware that more than 20% of Black Americans currently own or have owned cryptocurrencies. Her proposed regulations aim to ensure that these individuals benefit from fair supervision and are protected from potential market risks.
The press release emphasized that “Vice President Harris understands how emerging technologies open access to banking and financial services,” and regulations to protect investors in digital assets. They reaffirmed their intention to support the framework.
