Trump and Harris Have Common Ground on Crypto

The two major presidential candidates- Donald Trump and Kamala Harris both agree on one issue- and that is cryptocurrency and their support for it.

The two candidates are obviously very different when it comes to their stance and their party’s stance on a number of issues, but cryptocurrency seems to be common ground for them right now.

The very vocal jabs they have made toward one another do not seem to include any comments on cryptocurrency, which has now received bipartisan support. But the question remains how these two candidates will deal with the issue once one of them is in power.

Donald Trump has made a number of statements and even promises regarding cryptocurrency. In fact, one of the biggest thrusts of his campaign lately has been the launch of the World Liberty Financial platform, which has a proprietary stablecoin.

Trump has drastically changed his views on crypto since his early days in politics, when he said it looks like a scam. He now has made claims to make the United States the global cryptocurrency capital. He has also said he will change the framework for crypto law so that this emerging technology can grow more freely.

Kamala Harris has recently chimed in on the issue, talking about supporting a framework of crypto legislation that helps decentralized finance. She has not been nearly as vocal as Trump in her support of cryptocurrency, bit she did say that she wants to make the business environment safer surrounding cryptocurrency, particularly in improving things for investors and for the technology.

What to Expect

Trump has flip-flopped on this issue, but he now seems to be fully behind crypto. Harris is part of a political party that has been notoriously restrictive in their views of crypto and has been slow to allow the crypto market to grow naturally. It may simply be a sign of changing times that both candidates are throwing support behind decentralized finance. If that is the case, then we should expect either candidate to be proactive in helping the crypto market be safer and  more open.

However, there is a risk that either candidate will backtrack and change their mind about crypto, and that does worry investors. Because crypto is a new topic for presidential candidates to tackle, we are entering unknown territory, and analysts of the political and financial varieties both are not sure what to expect.

All signs point to cryptocurrency being widely supported right now, though, and investors can definitely take hope in that. But like we said, this issue may fade into the background once the election is over and more pressing matters are brought to the attention of the new President.