CandleFocus Trump’s crypto policies have potential for 'explosive upside,' while Harris shows 'limited downside risk' – Galaxy Digital
2024-10-14
Author: Content Editor
Head of research at Galaxy Digital, Alex Thorn, has analyzed the stances of US presidential candidates on the crypto industry and shared a "policy scorecard." Thorn suggests that Vice President Kamala Harris winning the election would have limited downside risk for the industry and be more favorable than the current Biden regime, but former President Donald Trump presents the most favorable approach. Differences between Harris and Trump are seen in areas such as taxes, Bitcoin mining, self-custody, and banking regulations. Bitcoin is expected to remain unaffected regardless of who wins, but the outlook for altcoins is more divided. A Trump victory could provide regulatory clarity for altcoins to outperform Bitcoin, while a Harris administration poses risks to these assets.
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