đ„đ„Kamala Harris' Odds Climb to 52%, While Trump's Crypto Vision Faces Challenges
As the 2024 U.S. presidential race heats up,
Kamala Harris has gained a significant edge over Donald Trump, with her chances of winning rising to 52%, according to Polymarket.
In contrast, Trump's prospects have dipped to 47%, posing a potential setback to his ambitions for advancing cryptocurrency in the U.S.
Harris, despite not directly addressing digital assets, may influence the regulatory landscape, which could pose risks to Trump's crypto-related proposals.
This shift in momentum puts Trump's dream of establishing a Bitcoin reserve under scrutiny, as markets lean more favorably toward Harris.
Trumpâs crypto-friendly stance, including his support for World Liberty Financial (WLFI) and its reliance on token sales under SEC Rule 506(c) of Regulation D, faces a new hurdle.
This legal framework, designed for accredited investors to buy unregistered securities, could encounter heightened scrutiny under the current regulatory environment, especially with the SECâs aggressive approach under Gary Gensler.
Recent actions against Ripple, Coinbase, and Binance indicate that WLFI could also come under fire.
With Harris potentially maintaining the Biden administration's strict regulatory policies, Trump's crypto agenda may be further weakened.
The broader Democratic Party has remained critical of cryptocurrencies, and Harris has aligned with these views.
Her administration could sustain or even intensify the SECâs crackdown on the crypto industry, casting doubt on whether Trumpâs Bitcoin reserve plan could gain any ground.
As Democrats continue to express concern over crypto initiatives, including FIT21 and anti-SAB 121, many in the industry remain cautious.
However, optimism persists among some crypto advocates, like Rippleâs CLO Stuart Alderoty, who believe the sector can thrive regardless of the electionâs outcome.
#BinanceLaunchpoolHMSTR #Debate2024 #CPI_BTC_Watch #Write2Earn! #BinanceLaunchpoolCATI
