Ethereum

Donald Trump

United

<p><span style="font-weight: 400;">There has been a lot of buzz about crypto and the US elections in the crypto space. Experts believe the United States election shapes the crypto world, causing selling pressure and excitement. The crypto update mentioned that, unlike previous presidential elections, this cycle features politicians taking a stand on cryptocurrency and blockchain activities. Donald Trump has allegedly been dubbed the “crypto president.” The Democratic side is also not holding back; they are more willing to reform the crypto regulations in the United States. Officials believe these factors have affected Bitcoin prices and potentially impact voter behaviour. </span></p> 
<h2 id="b-politicians-and-their-crypto-stance-b"><b>Politicians and Their Crypto Stance</b></h2> 
<h3 id="b-trump-s-crypto-promise-b"><b>Trump’s Crypto Promise</b></h3> 
<p><span style="font-weight: 400;">Donald Trump has allegedly taken the nickname “crypto president”. Based on reports, this move shows his recognition of the importance of blockchain technology and the significance of digital assets in general. This creates a potential for the growth of coins like Bitcoin and Ethereum (BTC ETH), to mention a few, and has led to increased support for Trump and technical selling pressure among crypto owners.</span></p> 
<h3 id="b-democratic-support-for-crypto-b"><b>Democratic Support for Crypto</b></h3> 
<p><span style="font-weight: 400;">The Democrats have made their move on </span><a href="https://www.grayscale.com/elections" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">Crypto and the US elections</span></a><span style="font-weight: 400;">. Carole House, author of President Joe Biden’s executive order to establish a regulatory framework for cryptocurrencies, rejoined the White House from the New York Department of Financial Services, indicating the Democratic’s serious inclination towards digital assets. This has the potential to cause selling pressure and surges in prices.&nbsp;</span></p> 
<h3 id="b-the-appeal-to-crypto-voters-b"><b>The Appeal to Crypto Voters</b></h3> 
<p><span style="font-weight: 400;">Experts at media hubs indicate politicians are trying to adopt the crypto approach to lure voters. This is because crypto owners make up 20% of America today. Grant Ferguson, an instructor in the political science department at Texas Christian University, stated, “They are attempting to win their votes by appealing to their economic interests, just as they do when they talk about 401ks and other kinds of assets.”</span></p> 
<figure id="attachment_17794" aria-describedby="caption-attachment-17794" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" loading="lazy" decoding="async" class="wp-image-17794 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/07/election-usa-1024x683-1.png" alt="crypto and the US elections" width="1024" height="683" title="Crypto and the US Elections - Candidates Adopt Crypto Support as a Key Strategy in US Elections 23">
 <figcaption id="caption-attachment-17794" class="wp-caption-text">
  crypto and the US elections
 </figcaption>
</figure> 
<h2 id="b-the-reality-of-crypto-and-the-us-elections-b"><b>The Reality of Crypto and the US Elections</b></h2> 
<h3 id="b-acknowledgment-of-crypto-s-permanence-b"><b>Acknowledgment of Crypto’s Permanence</b></h3> 
<p><span style="font-weight: 400;">Moe Vela, the former senior White House adviser, stressed, “Any candidate running for any office in our nation must now face and address the reality that is cryptocurrency. It is here to stay, and its impact and role in our financial, investment and economic sectors can never again be overlooked or ignored.”</span></p> 
<h3 id="b-white-house-adjustments-b"><b>White House Adjustments</b></h3> 
<p><span style="font-weight: 400;">The latest crypto news shows that the rehiring of Carole House suggests the importance of digital assets like Bitcoin and Ethereum (BTC ETH). Vela stated, “I believe this signals at least a strong recognition by the Biden administration of the importance of digital assets and their impact on our economy.”</span></p> 
<h2 id="b-the-durability-of-political-support-b"><b>The Durability of Political Support</b></h2> 
<p><span style="font-weight: 400;">A recent crypto update indicated that politicians may change their view on crypto if the market shifts. This means if the Bitcoin price goes down, there will be a significant shift in position. However if Bitcoin price increases, we may enjoy better crypto regulatory frameworks. This shows how sensitive crypto and the US elections are. Vela commented, “If crypto loses its lustre between now and the election, he will again have foul things to say about Bitcoin and the crypto sector.”</span></p> 
<h2 id="b-crypto-s-role-in-campaign-funding-b"><b>Crypto’s Role in Campaign Funding</b></h2> 
<h3 id="b-campaign-contributions-b"><b>Campaign Contributions</b></h3> 
<p><span style="font-weight: 400;">In the latest crypto news, </span><a href="https://www.brennancenter.org/about/staff/ciara-torres-spelliscy#:~:text=Ciara%20Torres%2DSpelliscy%20is%20a,business%20entities%2C%20and%20constitutional%20law" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">Ciara Torres-Spelliscy, a law professor at Stetson University College of Law</span></a><span style="font-weight: 400;">, explained, “So long as crypto has any value, American politicians will be eager to scoop it up.” This shows that the ability to use crypto to fund campaigns could make the dynamic between politicians and digital assets more flexible, thus creating the potential for the growth of Bitcoin and Ethereum (BTC ETH) investments.&nbsp;</span></p> 
<h2 id="b-conclusion-b"><b>Conclusion</b></h2> 
<p><a href="https://thebitjournal.com/"><span style="font-weight: 400;">The Bit Journal</span></a><span style="font-weight: 400;">, through available data, points out that politicians are increasingly embracing crypto regardless of parties, recognizing it as more than just an alternative financial system but a movement. As Vela concluded, “It’s millions of people who feel left out of the current system and are screaming out for a system that is accessible, digital, and inclusive.” The upcoming U.S. elections will be crucial in determining the future of crypto regulation and acceptance in the country. With much said about crypto and the US elections, it is hoped that whoever gets elected will enact a transparent and stable regulatory framework.&nbsp;</span></p>

Crypto and the US Elections – Candidates Adopt Crypto Support as a Key Strategy in US Elections

Table of Contents

The Bit Journal

Muita 5. heinäk. 2024 julkaistuja artikkeleja

Labour Party’s Keir Starmer is UK’s new PM: What can Crypto Lovers Expect?

Arbitrum (ARB) vs Optimism OP: Is There Too Much Competition In The Ethereum Layer 2 Market? Are ...

SlowMist | 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report

Peter Schiff Sarcastic Reply To Saylor’s Tweet Over Bitcoin

ApeBond Announces Expansion to Base: Launching Bonds On-Chain (5 Jul)

Mt. Gox Repayments Trigger Major Liquidation Process

Join our free newsletter for daily crypto updates!