$190 MILLION CRYPTO WAR HAS BEGUN IN US ELECTIONS‼️
Political donations from the cryptocurrency sector in the 2024 presidential elections in the US have reached $190 million. This is a significant increase compared to the $15 million donation in the 2020 elections. The cryptocurrency sector is collecting large donations, especially with the support of crypto-friendly candidates such as Donald Trump and Robert F. Kennedy Jr. Trump and Kennedy are making promises such as creating Bitcoin reserves and loosening the current regulatory structure. In addition, Trump's promise to dismiss SEC Chairman Gary Gensler is being welcomed by the crypto community.
On the other hand, Kamala Harris from the Democratic Party is proposing the idea of a "crypto reset" with a more cautious approach. This gives hope that the current regulatory pressure can be eased, but uncertainty remains as it does not set out a clear policy. The crypto sector aims to create a friendlier regulatory environment with such political donations, amidst the uncertainty surrounding new regulations.
CONCLUSION: The 2024 elections hold both opportunities and risks for the crypto sector. While the increase in donations increases the power of this sector in politics, the policies of the candidates will determine the future.
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED‼️ Be sure to do your own research❗️
References
• Murithi, K. (2024). Crypto Political Donations Hit $190M. Coingape.
• Encila, C. (2024). Crypto Beef Up 2024 US Elections. Bitcoinist.
