The article discusses how cryptocurrencies have impacted voter orientation in South Korea’s elections. Over a year has passed since then, and during that time, cryptocurrencies emerged as an important topic in the U.S. elections as well. The predictions made last year have come to fruition and even exceeded expectations.
U.S. Elections and Cryptocurrencies
Voters focus on how candidates’ promises can change their lives. Consequently, candidates approach them with assurances of improvements, new benefits, and a better country. Cryptocurrencies have become a significant agenda for voters.
Why is this the case? Financial motivation plays a crucial role in politics, just as it does in other areas. Therefore, tax cuts and other financial incentives often come to the forefront during elections, sometimes determining their outcomes. Millions of Americans who invest in cryptocurrencies represent a ready-made voting bloc, seeking clearer regulations, lower taxes, and the elimination of pressure.
Trump and Stablecoins
Before considering a permanent tattoo, some sources indicate that the World Liberty Financial project may issue its own stablecoin. Stablecoins pegged to the U.S. dollar are widely used, holding hundreds of billions in value. Rich Teo’s involvement as an executive in the WLFI project supports these claims.
This project, which plans to create an Ethereum $3,237-based lending platform, could certainly issue its stablecoin. If Trump wins the election, he would make history as the first U.S. President to issue his own stablecoin. Such a move would provide much more room for cryptocurrencies in the country and facilitate their growth globally.
With the elections approaching on November 5, it will be exciting to see the steps taken as the date nears. While Kamala Harris currently leads, Trump has yet to play his final card.