Opinions on Cryptocurrencies and the U.S. Elections
Cryptocurrency investors in the United States are focusing on the presidential candidates, particularly Donald Trump, who has shown support for the crypto industry. This support is attracting attention from digital currency holders, estimated to be between 50 and 80 million people, making this issue a central focus in the upcoming presidential elections.Recently, Bitcoin saw a slight decline to $58,487 due to selling pressure from miners and the recovery of Mt.Gox funds. However, Trump's pro-crypto statements are boosting optimism among investors, as other cryptocurrencies have also started to improve amidst expectations that the tightening monetary cycle in the U.S. may soon come to an end.Trump is set to speak at a Bitcoin conference in Tennessee, which could have a significant impact on investor sentiment and market trends.
The specialized initiative launched by the Democratic Party- is expected to be advanced. According to Packardzieva, Trump was not the only one who changed his stance on cryptocurrencies; some prominent Democratic figures have recently signaled a more moderate approach to regulating cryptocurrencies compared to President Biden.
The cryptocurrency sector is hoping that the U.S. presidential election will result in the victory of a president more lenient towards digital assets, thereby ending long-standing battles with regulators on Wall Street, according to Bloomberg.Former President Donald Trump has reached out to the $2.5 trillion digital currency sector, even calling on his supporters to participate in a fundraising campaign focused on Bitcoin, set for July 27th.Although the Republican candidate criticized cryptocurrencies during his presidency, his recent comments have been more positive. Lawyers predict that if he wins, the U.S. Securities and Exchange Commission (SEC) will cease its aggressive pursuit of the digital asset space.
On the other hand, a victory for Harris could prolong the state of uncertainty, keeping Bitcoin under pressure. As a result, this election may represent a pivotal moment for the future trajectory of digital currencies.