US Election 2024: Trump Crypto VS Kamala Harris Crypto

US Election 2024: Trump Crypto VS Harris Debate. Who Will Win?

The 2024 U.S. presidential election is seeing cryptocurrency emerge as a major influence on both candidates, Kamala Harris and Donald Trump. With nearly half of all corporate money donated to this year's federal election campaigns coming from crypto backers, both candidates face increasing pressure to define their positions on cryptocurrency regulation and adoption.

As millions of dollars flow into campaigns, the crypto industry aims to influence the future of U.S. digital currency policies.

US Election 2024: Crypto's Role

Cryptocurrency has gone from a fringe financial concept to a mainstream issue, particularly in the 2024 election. A report by the advocacy group Public Citizen revealed that crypto companies have spent over $119 million to influence the outcome of federal elections this year. 

The biggest contributors include Coinbase and Ripple, who are funneling money into a non-partisan super PAC called Fairshake. This PAC aims to elect candidates who support the crypto industry and defeat those who are skeptical of its growth. 

Despite the growing influence, only 7% of Americans reportedly held or used cryptocurrency in 2023, according to a Federal Reserve survey.

US Election 2024 Candidate: Kamala Harris Stance on Cryptocurrency

Kamala Harris, the Democratic nominee for president, has not taken an official stance on cryptocurrency. The Democratic Party, under the Biden administration, has been seen as somewhat hostile to the industry due to regulatory crackdowns led by the Securities and Exchange Commission (SEC). 

These actions, prompted by the collapse of major crypto firms like FTX, have led to lawsuits targeting top exchanges such as Binance and Coinbase. Despite this, Harris has been involved in discussions with crypto advocates to rebuild relationships. The Crypto4Harris group, supporting Harris, has hosted virtual meetings and plans grassroots fundraisers to boost her appeal to the crypto community.

Kamala Harris crypto (KAMALA) is currently priced at $0.003286, up 15.94% in the past 24 hours, with a market cap of $328,076. Trading volume surged 723.33%, reaching $110,075.32. The coin’s all-time high was $0.03484 in July 2024, and it has since dropped by 90.57%.

US Election 2024 Candidate: Donald Trump Crypto Vision 

Donald Trump has shifted from crypto skeptic to pro-crypto advocate during his 2024 campaign. While he previously criticized cryptocurrency for its links to illegal activities, Trump now promotes the U.S. as the future "crypto capital of the planet." He also plans a Trump Defi project to boost US Dollar with Aave Protocol. 

His campaign accepts Bitcoin donations and has launched digital NFT trading cards featuring Trump. Trump’s policies include creating a Bitcoin stockpile for the U.S. government and opposing the Federal Reserve's plans for a Central Bank Digital Currency (CBDC). He also proposed establishing a "Bitcoin and crypto presidential advisory council." Recently Elon Musk Bold Prediction On Trump's win in US Election 2024 could solve the US from debt crisis.

TRUMP Crypto (MAGA) coin is priced at $2.88, up 9.9% in the past 24 hours, with a 24-hour range between $2.84 and $3.42. The all-time high was $17.51 in June 2024, down 83.3%. Its all-time low was $0.01136 in October 2023, showing a remarkable 25,597.6% rise since then.

Final Thoughts

As cryptocurrency becomes a significant factor in the 2024 election, both Kamala Harris and Donald Trump are vying for support from the industry. While Trump has openly embraced crypto with bold promises, Harris and the Democrats are working to strengthen ties with the sector. Crypto backers are betting big on the future of digital currency regulation, making it a key issue to watch in this election.

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