U.S. poll: Harris overtakes Trump in approval rating

The 2024 U.S. presidential election will be held in November. Democratic candidate Kamala Harris has overtaken Donald Trump in recent polls, which has aroused great concern in the cryptocurrency community. Harris' campaign strategy and its potential impact on the encryption industry have become the focus of discussion in the industry.

According to the latest poll results released by Ipsos in early August, Harris' support rate has reached 42%, surpassing Trump's 37%, and her lead has expanded; and a joint poll conducted by the New York Times and the University of Siena The results also showed that Harris' support rate in the three swing states was 50%, while Trump's was 46%.

At the same time, data from the blockchain prediction market Polymarket also showed that Harris’s winning rate has reached 52%, which is 7 percentage points ahead of Trump’s 45%. These data show that Harris' support rate continued to grow before the election, showing that voters' support for her is increasing.

Source: Polymarket
Polymarket prediction market data shows that Harris' support rate surpasses Trump's

The Democratic Party is getting closer to the encryption industry, but some industry players are not paying the price

Although He Jinli and her team have not yet put forward specific cryptocurrency-related political opinions, she has already won the support of some encryption industry leaders. Among them, American billionaire Mark Cuban and others even established the "Crypto4Harris" organization to promote Harris to develop a clear digital asset policy platform.

On August 7, the Crypto4Harris organization publicly expressed support for Harris and planned to hold a virtual town hall meeting to discuss the future direction of cryptocurrency regulation.

Extended reading: The U.S. White House convenes cryptocurrency circles to discuss encryption policy! Can He Jinli get support from the currency circle?

However, Cardano founder Charles Hoskinson is skeptical of Harris's policies, and even directly pointed out that the Democratic government is waging a war on the encryption industry, and believes that supporting Harris may harm the U.S. encryption industry. Supporting Harris is equivalent to Yu cast a vote against the crypto industry.

Gemini exchange co-founder Tyler Winklevoss also expressed doubts about Harris’ encryption policy. Although Harris has not publicly stated her stance on cryptocurrency, the Crypto4Harris organization has emerged, raising questions about the true intentions behind it.

He further questioned:

"If her encryption policies don't exist, how can anyone in the crypto industry support them? It doesn't make sense."

Wu said that editor-in-chief speculated on what would happen to He Jinli after she was elected.

Colin Wu, the editor-in-chief of Wu Shuo Blockchain, a well-known Chinese media in the currency circle, speculated that if He Jinli is elected, it will be difficult to expect in the next four years. U.S. policy will have a much more open attitude toward cryptocurrency, and the SEC Chairman will not There will be replacements, maybe even promotions, and the ongoing law enforcement of the crypto world will probably continue.

For the cryptocurrency industry, if He Jinli is finally elected, the prospects of the U.S. encryption industry will undoubtedly add uncertainty, and investors need to pay close attention to relevant policy trends.

Source: X/Colin Wu
The editor-in-chief of "Wu Shuo Blockchain" speculates on what will happen after He Jinli is elected