The 2024 US presidential election has generated a lot of support from the cryptocurrency industry, with several executives and entrepreneurs announcing their support for one of the candidates.
Republican candidate and former President Donald Trump has received significant support from the #cryptocurrency community, while Democratic candidate and incumbent Vice President Kamala Harris has also received notable support.
Since the election will be held on November 5, Cointelegraph analyzed the cryptocurrency endorsements of both candidates.
In recent years, Harris has received significantly more cryptocurrency endorsements.
One reason for this could be Harris' late entry into the race, as he received the Democratic Party's nomination in July. Trump, on the other hand, announced his nomination in November 2022, almost two years before the election.
One of Trump's first endorsements was Jeremy Kaufman, founder of the blockchain-based file-sharing network LBRY, in May 2024.
In contrast, Harris first endorsed cryptocurrency a few months later, when former Uphold CEO J. P. Thierio endorsed her in August 2024. John O'Farrell, general partner at cryptocurrency venture capital firm Andreesen Horowitz (a16z), also backed Harris in August.
Trump has received support from prominent cryptocurrency figures, including the heads of major exchanges #Kraken and Gemini. In June, Gemini founders Cameron Winklevoss and Tyler Winklevoss pledged $2 million in bitcoins to Trump's re-election campaign, citing his pro-cryptocurrency stance.
In June, Kraken co-founder Jesse Powell also announced a $1 million donation, calling Trump the only major party candidate who is pro-cryptocurrency.
ARK Invest founder and #bitcoin bull Katie Wood, who believes BTC will one day trade at $1 million per coin, also publicly endorsed Trump in June. Elon Musk, who runs electric car company Tesla and has invested more than $700 million in bitcoin, has endorsed Trump and recently spoke at several rallies in support of the former president.
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