The presidential elections taking place today in the United States are closely monitored worldwide, particularly in the cryptocurrency market. The Republican candidate Donald Trump and Democratic candidate Kamala Harris are in a fierce competition, notable for their stances on the cryptocurrency sector. As seen in the 2016 and 2020 elections, it may take several days for the results to be finalized. According to Santiment, this uncertainty could lead to fluctuations in the cryptocurrency market.
Trump’s Cryptocurrency Policies
Trump has captured attention with bold promises regarding cryptocurrencies. In a speech at the Bitcoin 
$96,690 2024 conference in July, he proposed the idea of creating a national Bitcoin reserve. He also stated that he would dismiss the current SEC Chairman Gary Gensler and establish a regulatory framework that favors cryptocurrencies.
In September 2024, Trump’s sons, Donald Trump Jr. and Eric Trump, demonstrated the family’s interest in the cryptocurrency sector by founding a cryptocurrency exchange named World Liberty Financial. Trump’s pro-cryptocurrency statements have received substantial support from the cryptocurrency community.
Harris’s Position on Cryptocurrency
Democratic candidate Harris supports the cryptocurrency sector but emphasizes consumer protection. At an event in September 2024, she expressed her intention to promote cryptocurrencies and announced a plan in October to create a protective regulatory framework for them.
Harris acknowledged the potential of blockchain technology and expressed openness to innovative technologies. However, her stance on cryptocurrencies appears more measured compared to Trump’s. The impact of the U.S. elections on the cryptocurrency market remains uncertain, as it has in past elections. Markets are waiting for clear statements from the candidates regarding their cryptocurrency policies and the implications of these policies.
