During his campaign, Trump did his utmost to curry their favor. In July, Trump sang Bitcoin's anthem with thousands of bitcoiners at a conference in Nashville, Tennessee, pledging to cement the U.S. as the top bitcoin mining powerhouse, a national “bitcoin- stock' and appoint a bitcoin consultancy firm. advice if he is re-elected. Trump claimed he would make the US the “crypto capital of the planet.”
In October, Trump went so far as to launch his own crypto platform, World Liberty Financial, which his family has marketed as a way to “make finance great again.” The platform will offer peer-to-peer borrowing and lending services of some flavor, although the Trumps have provided few hard details.
“If you were a single-issue voter who cared about the growth of sound money through bitcoin, Trump was the clear choice,” says Peter McCormack, host of the podcast. What Bitcoin Did.
By contrast, Harris' 2024 Democratic platform made no mention of crypto, and she made only a single reference to crypto on the campaign trail, in a pitch to donors in New York City, Bloomberg reported. “We will encourage innovative technologies such as AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent traffic rules,” said Harris.
The reluctance in the Harris camp to take a public stance on crypto was interpreted by industry members as a signal that her presidency would mean a continuation of the bad old times under Biden. “We didn't see any evidence that she would moderate the position at all,” Carter said.
Democrat-supporting members of the crypto industry found themselves in an awkward position; Although they aligned themselves with Harris' policies, it was conceivable that a victory for Trump would be a more favorable outcome for the sector. “As a crypto entrepreneur, I'm excited about the prospect of a bull market,” said Jonathan Padilla, one of the organizers of Crypto4Harris, a coalition of left-wing members of the crypto industry. “For crypto itself, Trump will probably be the much faster sugar substitute,” Padilla says, even if the president later loses interest.
