The upcoming 2024 US elections for presidency will have a significant impact on crypto regulations. Donald Trump and Kamala Harris have contrasting views on cryptocurrency. Trump aims to reduce regulatory hurdles and promote American economic dominance, while Harris focuses on financial inclusion, particularly for marginalized communities. Trump has criticized the SEC and wants a more favorable regulatory environment for crypto businesses. He also proposes creating a national Bitcoin reserve and opposes a Central Bank Digital Currency. Harris emphasizes equitable access to financial services and suggests higher taxes on wealthy investors and corporations. The crypto industry's response to both candidates' proposals is mixed, with some seeing Trump's approach as pro-innovation but potentially risky, and others supporting Harris's focus on financial equity but concerned about her tax policies. The outcome of the election will shape the future of crypto regulation in the US, with Trump promoting a more open environment for blockchain innovation and Harris prioritizing wealth gaps and higher taxes.
- Content Editor ( cryptonewsz.com )
- 2024-11-04
2024 US Elections: What's Harris and Trump’s Take on Crypto Regulation?