In a September 18 interview with Token2049, Alex Svanewick, CEO of blockchain analytics firm Nansen, shared his views on the potential impact of the US presidential election in 2024 on the cryptocurrency landscape.
Svanewick believes that Donald Trump's victory in the presidential election will be very beneficial for the US #cryptocurrency sector. He sees Trump as a staunch supporter of #cryptocurrencies , which could lead to a more favorable environment for #digital assets in the U. S.
In contrast, he expressed concern that a Kamala Harris presidency could perpetuate the current administration's unfriendly policies toward cryptocurrencies and stifle innovation in the country.
Svanewick noted, however, that the global crypto community could inadvertently benefit from a Harris presidency. He suggested that a Harris victory could encourage U. S. cryptocurrency companies to move overseas and foster the growth of the international cryptocurrency market.
the dialogue also touched on Trump's recent cryptocurrency ventures. Although he has criticized digital currencies in the past, Trump's announcement of the WLFI token as part of his World Liberty Financial project drew mixed reactions in the crypto community.
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