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COINTURK NEWS > Cryptocurrency News > Presidential Candidates Influence Cryptocurrency Market with Their Policies
Cryptocurrency News

Presidential Candidates Influence Cryptocurrency Market with Their Policies

In Brief

  • The U.S. presidential elections significantly impact the cryptocurrency market.

  • Trump proposes bold plans for cryptocurrencies, while Harris emphasizes consumer protection.

  • The market awaits clarity on the candidates' policies for future directions.

Fatih Uçar
Fatih Uçar 8 months ago
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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.

Contents
Trump’s Cryptocurrency PoliciesHarris’s Position on Cryptocurrency

Trump’s Cryptocurrency Policies

Trump has captured attention with bold promises regarding cryptocurrencies. In a speech at the Bitcoin $107,162 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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 5 November, 2024 - 11:36 am 5 November, 2024 - 11:36 am
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