The 2024 Presidential Election: Pro-Crypto vs. Anti-Crypto Candidates
The approaching presidential vote in the United States in 2024 promises to be intriguing and contested as more and more well-known candidates announce their participation in the election. Both the Democratic and the Republican parties have amassed serious figures who put the economic welfare of Americans, the improvement of the domestic health sector, the US immigration policies, and other aspects at the center of their campaigns. Some of the candidates have also touched upon cryptocurrencies, promising to let the industry thrive should they become America’s next political leaders. In the following lines, we will take a closer look at those who have declared their support for the asset class and those who are against it.
The Pro-Crypto Team of the Dems
- Robert F. Kennedy, nephew of former President John F. Kennedy, is an outspoken cryptocurrency advocate who has vowed to implement pro-BTC laws if elected.
- Kennedy promises to protect the rights of Americans to hold and use Bitcoin and introduce legislation that supports the advancement of the digital asset.
- Marianne Williamson, a Democratic nominee, has not been vocal about cryptocurrencies but raised eyebrows when questioning Canada’s freezing of crypto donations during a strike.
More Examples Among the Republicans
- Ron DeSantis, Florida’s Governor, pledges to end the war on Bitcoin and opposes the launch of a central bank digital currency (CBDC).
- Francis Suarez, Miami’s mayor, is a strong supporter of BTC and has introduced initiatives surrounding the primary digital asset in Miami.
- Vivek Ramaswamy, an American entrepreneur and Republican candidate, is a BTC fan but opposes Kennedy’s plan to back the US dollar with Bitcoin.
Trump Leads the Anti-Crypto Club
- Donald Trump has a hostile stance on cryptocurrencies, considering them a potential disaster that could hurt the US dollar.
- Trump’s wife, Melania Trump, released an NFT platform on the Solana blockchain.
- Joe Biden, the current President, has not been as radical as Trump but has categorized digital currencies as “mostly speculative investment vehicles” and pushed for a climate change tax on cryptocurrency miners.
Hot Take
The 2024 presidential election in the United States will have significant implications for the crypto industry. Candidates like Robert F. Kennedy and Ron DeSantis offer pro-crypto policies and support, while Donald Trump and Joe Biden have expressed skepticism and pushed for regulations. The outcome of the election will determine whether the US embraces cryptocurrencies and allows the industry to flourish or takes a more hostile approach. Crypto readers should closely follow the campaigns and positions of the presidential candidates to understand the potential future of cryptocurrencies in America.
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