#Bitcoin❗ has hit $75,000 on the back of Donald Trump's lead in the US election. The major cryptocurrency set a new all-time high, surpassing its March record of $73,777.

According to preliminary election results from the Associated Press, Trump received 198 electoral votes, compared to #kamalaHarris ' 112. A candidate needs a minimum of 270 votes to win.

Trump is ahead of Harris, with votes still to be counted in many U.S. West Coast states and key “swing” states. Source: Associated Press

Curiously, bitcoin's momentum is actually following Trump's rising chances of victory. On decentralized prediction platform Polymarket, the probability of his success has surpassed 94%, while Harris' has dipped below 6%.
#MicrosoftBitcoinRejection

According to the latest news from #FOX journalist Eleanor Terrett, Ripple co-founder #ChrisLarsen has made a $1 million cryptocurrency donation in $XRP
to the campaign of U.S. presidential candidate #kamalaHarris of the Democratic Party. It stands out from traditional financial support, which mostly comes from large U.S. corporations, as well as other high-profile business leaders supporting Kamala.

Larsen and others in the crypto industry hope that such moves will help strengthen Harris' position in the election. It's worth noting that the cryptocurrency community has shown polar views on political endorsements. While Larsen and some other business leaders from the crypto industry openly support Harris, former President #donaldtrump , who has long remained a proponent of strict regulation of cryptocurrencies, is now also starting to attract the attention of some cryptocurrency companies.

This is reflected in his recent rhetoric, which has become more favorable towards digital currencies, which may indicate a desire to attract the voices of the cryptocurrency community.

In addition to Larsen, other figures in the cryptocurrency sector are backing Harris, including former advisors from companies such as Binance and Alchemy Pay, as well as ex-Ripple board member Gene Sperling, who recently left the Biden administration to join Harris' campaign.

Crypto industry participants continue to invest heavily in political campaigns. Ripple, for example, has already spent tens of millions of dollars on such initiatives, and companies like Bitmain and Grayscale are also involved in funding candidates who support cryptocurrency technology.
#moonbix

Kamala Harris's "Crypto For Harris" advocacy group is working to garner support from the crypto community in the 2024 presidential race. Key points of their plan include:
Meeting: The group will hold a key meeting with prominent figures in the cryptocurrency industry such as billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several Democratic House members.

In a dramatic turn of events that sent ripples through financial markets, tech mogul Elon Musk recently raised alarm bells about America's financial future. Taking to his social media platform X on October, 2024, Musk delivered a sobering message about the United States potentially facing bankruptcy, sparking intense debate among economists and financial experts.
Breaking Down the Numbers
The backdrop to Musk's warning is sobering: America's national debt has reached an unprecedented $35.6 trillion. On just the first day of the new fiscal year, the debt swelled by $204 billion, while the Treasury was forced to reduce its cash reserves by $72 billion. These figures paint a concerning picture of the nation's fiscal health.
Economic experts, including analysts from the Congressional Budget Office (CBO), project that interest payments on the federal debt will consume approximately $870 billion by year-end 2024. To put this in perspective, these interest payments alone would exceed the entire defense budget of many nations.
Understanding How We Got Here
The roots of the current crisis can be traced to several key factors:
Pandemic Response: The massive stimulus packages and emergency measures implemented during COVID-19 added significantly to the national debtMonetary Policy Shifts: The Federal Reserve's aggressive interest rate hikes to combat inflation have increased the cost of servicing existing debtStructural Issues: Pre-existing budget deficits and spending patterns have contributed to the long-term debt accumulation
Market Implications and Alternative Assets
An interesting development in this financial landscape is the potential impact on cryptocurrency markets. Financial analysts, including those from major institutions like Bank of America, suggest that mounting U.S. debt could drive investors toward alternative assets. Bitcoin, in particular, has been highlighted as a possible beneficiary of this trend.
The reasoning behind this perspective is straightforward: as traditional financial systems show signs of strain, investors may increasingly seek out alternative stores of value. This could explain why some market watchers predict significant upside potential for Bitcoin as debt levels continue to climb toward an anticipated $36 trillion by year's end.
What This Means for Americans
The implications of these financial developments extend far beyond Wall Street:
Government Services: Growing debt service costs could restrict funding for essential public servicesEconomic Growth: High debt levels might constrain future economic expansionFinancial Markets: Continued debt growth could impact everything from mortgage rates to retirement savings
A Path Forward?
While Musk's warning has catalyzed discussion about America's financial future, it's important to note that solutions exist, though they require difficult choices and political will. Potential approaches include:
Comprehensive budget reformRevenue enhancement measuresStrategic spending reductionsLong-term fiscal planning
Bottom Line
Elon Musk's recent warning about U.S. bankruptcy risk isn't merely attention-grabbing rhetoric – it's grounded in concerning financial metrics. Whether this leads to the dire outcome he suggests remains to be seen, but it certainly highlights the need for serious discussion about America's fiscal trajectory.
As we move forward, monitoring these developments will be crucial for investors, policymakers, and citizens alike. The intersection of traditional finance and alternative assets like Bitcoin adds another layer of complexity to an already multifaceted situation.
While the path ahead may be challenging, understanding these issues is the first step toward addressing them. As the situation continues to evolve, staying informed and considering various perspectives will be key to navigating the uncertain financial landscape ahead.

#ElonMusk #donaldtrump #kamalaHarris #usa #USDEBT

With Kamala Harris emerging as a favorite in the US Presidential race, the crypto world is bracing for impact. Harris, backed by advisors known for their tough stance on digital currencies, seems poised to **continue the Biden administration's crackdown on crypto**.

Under her potential leadership, we could see **stricter regulations** and increased scrutiny, as her team includes figures like Brian Deese and Bharat Ramamurti, both of whom have been vocal critics of crypto-friendly policies. Will this signal the **end of crypto innovation** in the US or spark a new era of resilience?

The stakes are high, and the **future of Bitcoin and cryptocurrencies** could hang in the balance! 💥 #Write2Earn! #kamalaHarris #Regulation

Ripple CLO Stuart Alderoty urged Kamala Harris to act against the SEC’s crypto crackdown after the VP's campaign engaged in talks of a 'crypto reset'.
Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has issued a strong call for action from Vice President Kamala Harris. He urged the VP to end what he describes as the U.S. Securities and Exchange Commission’s (SEC) “misguided war on crypto.” This statement comes in the wake of a significant court ruling in the ongoing legal battle between Ripple and the SEC.
Ripple CLO’s Request To Kamala Harris
Alderoty’s comments were made in the backdrop of a recent interview where he expressed optimism about the court’s decision. However, he took recently took to X and emphasized the need for immediate political intervention. He referred to Vice President Kamala Harris’ proposed “crypto reset.”
Alderoty stated, “If this Admin is serious about a ‘reset,’ it must act NOW to end the SEC’s misguided war on crypto.” Moreover, his remarks underscore the urgency that the crypto community feels in addressing the SEC’s regulatory approach, which many industry leaders view as hostile.
Alderoty On Recent Ripple SEC Lawsuit Ruling
This week, on Wednesday, the court ordered Ripple to pay a $125 million fine for failing to register sales of its XRP token to institutional investors. This amount is significantly less than the $2 billion originally sought by the SEC. Hence, Alderoty hailed the Ripple SEC lawsuit ruling as a victory not only for them but for the entire crypto industry.
He stated, “Ripple didn’t act recklessly… There were no victims; the counterparties to those transactions suffered no financial loss at all.” Furthermore, Alderoty further explained that the court’s decision provided much-needed clarity. It established that XRP itself is not a security, which has been a central issue in the case.
The core clarity that we sought in this case [is] that XRP is not in and of itself a security… just like a bar of gold is never a security,” he noted. This ruling, according to Alderoty, sets a crucial legal precedent that could influence the crypto regulations. Despite the positive outcome, Alderoty acknowledged the possibility of an appeal from the SEC.
However, he expressed confidence that the Ripple SEC lawsuit is nearing its end. “In our minds, we are finally done… If the SEC is a rational actor… there should be no appeal,” he said. He also emphasized that the blockchain payments firm is focused on moving forward and growing its business.
Harris Campaign & Crypto Industry
The legal developments in the crypto space has placed Vice President Kamala Harris’ campaign in a challenging position. Recently, Harris’s campaign representatives participated in a crypto roundtable organized by Democratic Congressman Ro Khanna. It also included high-level officials such as Deputy Treasury Secretary Wally Adeyemo and Deputy White House Chief of Staff Bruce Reed.
Although Kamala Harris’ senior adviser, Kristine Lucius, was present, she did not speak during the meeting, according to people present in the meet. The roundtable was part of Harris’s broader effort to engage with the crypto community. Sincerely several years, the community has been calling for clearer regulations and a reset of the government’s approach to the industry.
Also, the Crypto4Harris town hall event is currently underway. This further highlighting the campaign’s efforts to connect with crypto advocates. However, industry leaders like Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty are urging Harris to take immediate and decisive action.
They, along with other prominent figures in the crypto world, also called for the removal of SEC Chair Gary Gensler, who they view as a major obstacle to the industry’s growth. These leaders include Gemini co-founder Tyler Winklevoss and former Coinbase executive Balaji Srinivasan. Meanwhile, Cardano founder Charles Hoskinson continued criticizing Kamala Harris.
#XRPGoal #Ripple💰 #kamalaHarris #MarketDownturn #BlackRockETHOptions

The Wall Street Journal released a poll indicating a closely contested presidential race between Vice President Kamala Harris and former President Donald Trump.
In a head-to-head matchup, Trump leads Harris by a narrow margin of 49% to 47%, which falls within the survey's margin of error of ±3.1 percentage points.
This marks a significant shift from earlier this month when Trump had a six-point advantage over President Biden before he endorsed Harris after withdrawing from the race.
Including other candidates like Robert F. Kennedy Jr., the numbers show Harris with 45% and Trump with 44%, while Kennedy garners only 4% support, and 5% of voters remain undecided.
The multicandidate scenario reflects a six-point lead for Harris over the position Biden held in the last poll.
Harris has seen increased support from nonwhite voters, with 63% favoring her over Trump in the two-person race. This is a boost from the 51% support Biden received in the previous Wall Street Journal poll, though still below the 73% of nonwhite voters who backed him in the 2020 election.
The vice president's appeal among young voters under 30 has also grown compared to Biden's earlier this month, but not to the level of his 2020 victory.
The poll highlights a surge of enthusiasm for Harris among Democrats, with about 80% of voters from each party now expressing eagerness for their respective candidates. This marks a dramatic increase from the mere 37% of Biden voters who showed enthusiasm for him in early July. 
Furthermore, Harris has consolidated more Democratic support, securing the backing of 92% of those who voted for Biden in 2020.
In contrast, Biden had maintained the support of just 84% of his voters in an earlier survey.
#altsesaon #donaldtrump #kamalaHarris #uselections #Bitcoin_Coneference_2024
$BTC
$ETH

While Donald Trump has strong backing from the crypto community, Kamala Harris has also garnered significant support. The 2024 U.S. presidential election has attracted interest from crypto investors, with several key figures and entrepreneurs publicly endorsing both candidates.
Trump Leads in Crypto Support
Donald Trump, known for his cautious stance on Bitcoin, has received more public support from the crypto community than Harris. His advantage may be due to announcing his candidacy back in November 2022, whereas Harris was nominated only in July 2024.

One of the first to publicly back Trump was Jeremy Kauffman from the blockchain platform LBRY in May 2024. Harris received her first crypto-related endorsement in August from former Uphold CEO JP Thieriot, followed by John O’Farrell of Andreessen Horowitz.
Prominent Crypto Figures Backing Trump
Trump has also gained support from other influential figures in the crypto world. For instance, the founders of Gemini, the Winklevoss twins, pledged $2 million in Bitcoin for his re-election. Kraken founder Jesse Powell donated $1 million, calling Trump the “pro-crypto candidate.” Cathie Wood of ARK Invest and Elon Musk, Tesla’s CEO, have also endorsed him.

Other crypto project founders backing Trump include Charles Hoskinson (Cardano), Mike Belshe (BitGo), Justin Sun (Tron), and several key investors.
Harris Gains Crypto Community Support Despite Late Start
Despite her later start, Harris has gained the backing of some significant players in the crypto industry. In September, she broke her silence on crypto policy, supporting the industry while emphasizing consumer protection. Ripple CEO Chris Larsen and Cleve Mesidor from the Blockchain Foundation have expressed support for Harris, organizing fundraisers for her campaign.
One of her most notable supporters is Mark Cuban, who has criticized the potential of a second Trump term. She also has the backing of managers from firms like a16z and SkyBridge Capital, including Anthony Scaramucci, who is actively working on Harris’s crypto policy.

Independent Stances: Crypto Development Independent of Election Outcome
Some crypto representatives remain neutral, believing the growth of crypto does not depend on the election winner. Investor Tim Draper donated to both campaigns, expressing confidence that “both candidates have good intentions.”
Coinbase CEO Brian Armstrong believes the future U.S. government will be open to cryptocurrencies regardless of the election outcome. Mati Greenspan, founder of Quantum Economics, noted that the crypto community understands Bitcoin’s independence, with many people feeling that “voting for Harris poses no threat to crypto.”

On October 27, Michael Saylor of MicroStrategy conducted a survey showing that 90% of 100,000 respondents would choose Trump as the better president for Bitcoin.
#donaldtrump , #kamalaHarris , #Election2024 , #CryptoNews🚀🔥 , #Cryptocurrencies

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As the cryptocurrency market continues to grow and evolve, it's attracting attention from all corners of the political and financial world. Some in the crypto community are pushing for greater acceptance and support from government leaders, including Vice President Kamala Harris. However, there are compelling reasons why Harris should maintain a cautious and measured stance rather than giving in to the overtures from the crypto crowd. 🧐

🌐 The Risks of Unregulated Crypto
Cryptocurrencies like Bitcoin, Ethereum, and others have captured the imagination of millions with their potential to revolutionize finance. But with that potential comes significant risks. The lack of robust regulation has made the crypto space a hotbed for scams, market manipulation, and other nefarious activities. 🕵️‍♂️

For a political leader like Kamala Harris, aligning too closely with the crypto industry without clear regulatory frameworks in place could be seen as endorsing a financial system that is still rife with uncertainty and potential pitfalls. This could undermine public trust and expose investors, especially those less informed, to unnecessary risks. ⚠️

💸 Economic Stability and Consumer Protection
One of the primary responsibilities of government leaders is to ensure economic stability and protect consumers. The volatility of cryptocurrencies poses a threat to both. Massive price swings can lead to significant financial losses for retail investors, many of whom might be drawn in by the hype without fully understanding the risks. 📉

By not caving to the pressures from the crypto crowd, Harris can prioritize the creation of policies that safeguard the economy and the average citizen. This means advocating for strong regulations that protect consumers and ensure that the crypto market operates in a transparent and fair manner. 🛡️

🏦 The Importance of Financial Inclusion
While proponents of cryptocurrency often tout its potential to promote financial inclusion, the reality is more complex. The crypto market is still dominated by those with significant technical knowledge and financial resources. This creates a risk that early adopters and wealthy investors will reap the rewards, while ordinary people are left exposed to the market’s inherent dangers. 💼

Kamala Harris has long been an advocate for marginalized communities and economic equity. It’s crucial that any approach to cryptocurrency aligns with these values, ensuring that the benefits of financial innovation are accessible to all, not just the tech-savvy elite. This means proceeding with caution and prioritizing inclusive financial policies over the interests of a vocal minority. 🗣️

🔧 The Need for Responsible Innovation
Cryptocurrency and blockchain technology do have the potential to drive innovation in the financial sector. However, Harris should advocate for responsible innovation—one that balances technological advancement with public good. 🧩

This means supporting efforts to harness the benefits of blockchain while ensuring that new financial products and services are safe, transparent, and equitable. By not yielding to crypto industry pressure, Harris can help shape a regulatory environment that fosters innovation while protecting society from the risks associated with an unregulated market. 🛠️

🧠 Long-Term Vision Over Short-Term Gains
In the fast-paced world of politics, the allure of aligning with a rapidly growing and influential sector like crypto can be strong. But true leadership is about looking beyond short-term gains and focusing on the long-term impact. Harris’s decisions today will shape the financial landscape of tomorrow. 🌍

By resisting overtures from the crypto crowd, Harris can position herself as a leader who prioritizes the public interest, economic stability, and the principles of fairness and equity. This long-term vision is essential for ensuring that the benefits of the digital economy are shared by all, not just the few. 🌱

What are your thoughts on the intersection of politics and cryptocurrency? Should leaders like Kamala Harris take a more active role in the crypto space, or is caution the better approach? Let’s dive into the debate!
👇👇👇
$BTC
#kamalaHarris #donaldtrump #uselections #LowestCPI2021 #SuperMacho