Bitcoin.
Earlier today, it was said that Democratic presidential candidate Harris would speak at the#Bitcoin2024 conference. But David Bailey later said that the campaign team had abandoned that. We have shared all these developments as breaking news. Now other details have emerged.
After Biden abandoned his candidacy due to his old age and other reasons, Harris became the Democratic nominee. The position on cryptocurrencies of Harris, who will be running against Trump, was not fully known. However, David Bailey just shared in his post that he hates Bitcoin, along with the statement he heard from the first source.
“I'm sorry, but you can't destroy our industry for 4 years, push the process to a choke point, elect Gensler and Warren as your heroes, and then pretend you're okay with Bitcoin. One major Democratic donor told me that Kamala privately said: 'Bitcoin is criminals' money.'"
Despite#ETHgetting approval from the European Training Foundation (ETF), Democrats have been angry with cryptocurrencies for years. The pressure from Biden and his team to stifle cryptocurrency companies has made companies like Coinbase and Ripple consider relocating to alternative countries like the UAE. This statement now indicates that it will be difficult for Democrats to convince the more than 1 million pro-crypto people in the election.
Trump, on the other hand, is adopting the opposite position, adding crypto supporters (with his statements) to the already strong support and increasing his election chances.