On Saturday, former US President Donald Trump will speak at the annual Bitcoin event. After surviving a shooting, the Republican candidate’s chances of being elected have increased, and he has been making very positive statements about cryptocurrencies for weeks. On Saturday, he is expected to make even stronger statements. What about the Democrats?
Cryptocurrencies on the Election Agenda
As the November elections approach, competition is heating up, and the Democrats’ long-standing anti-crypto policies are not benefiting them. Perhaps realizing this, the SEC made a 180-degree turn and approved the ETH ETF just days before the first trading day on July 23, which saw an impressive launch with a total volume exceeding $1.1 billion among all ETFs.
While all this is happening, the Democrats need to take action. The CEO of Bitcoin Magazine recently wrote:
“We are in talks with Kamala Harris‘s campaign office to have her speak at the conference. It would be very wise for the Democrats to redefine their position with the fastest-growing voter bloc in the country. They will make their decision today.”
If this really happens, we will see a supportive development for BTC in an environment where, regardless of the election outcome, the winner will be crypto.
