As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring | EUROtoday

On the marketing campaign path, Trump went out of his option to court docket their favor. In July, chatting with hundreds of bitcoiners at a convention in Nashville, Tennessee, Trump duly sang from the bitcoin hymn sheet, promising to cement the US because the foremost bitcoin mining powerhouse, set up a nationwide “bitcoin stockpile,” and appoint a bitcoin advisory council if reelected. Trump claimed he would flip the US into the “crypto capital of the planet.”

In October, Trump went so far as to launch his personal crypto platform, World Liberty Financial, which his household has marketed as a option to “make finance great again.” The platform is about to offer peer-to-peer borrowing and lending providers of some taste, although the Trumps have offered few arduous particulars.

“If you were a single-issue voter that cares about the growth of sound money through bitcoin, Trump was the clear choice,” says Peter McCormack, host of the podcast What Bitcoin Did.

By distinction, Harris’ Democratic platform for 2024 didn’t embody any point out of crypto, and he or she made solely a single reference to crypto on the marketing campaign path, in a pitch to donors in New York City, Bloomberg reported. “We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road,” Harris is quoted as saying.

Reticence in the Harris camp to take a public stance on crypto was interpreted by industry members as a signal that her presidency would represent a continuation of the bad old times under Biden. “We saw no evidence that she was going to moderate the stance at all,” says Carter.

Democrat-supporting members of the crypto trade had been left in a clumsy place; although they aligned with Harris’ politics, it was conceivable that victory for Trump can be a extra useful final result for the sector. “As a crypto entrepreneur, I’m excited about the prospect of a bull market,” says Jonathan Padilla, one of many organizers of Crypto4Harris, a coalition of left-leaning members of the crypto trade. “For crypto in isolation, Trump is probably going to be the much quicker shot of sugar,” says Padilla, even when the president later loses curiosity.