As the US Presidential election is fast approaching, the top candidates Donald Trump and Kamala Harris are making their position about Bitcoin known. Speaking at the Economic Club of New York Event, former President Trump has once again set a new Bitcoin goal should he win the election.
Donald Trump, Bitcoin and The United States
In this current administration, the crypto ecosystem has taken a severe beating. In what many call regulation by enforcement approach, many firms are facing lawsuits from the US Securities and Exchange Commission (SEC). Those not sued like OpenSea have received Wells Notice from the regulator. Because of this, firms are considering moving their businesses to other crypto friendly regions.
Donald Trump aims to correct this trend should he win the election. He reiterated to attendees at the event that he hope to cut regulations and embrace Bitcoin and crypto.
“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin,” he said.
This election cycle, the former President has always been expressive about his crypto stance. He reiterated similar promises at the last Bitcoin Conference 2024 event, winning the heart of crypto voters. To further ascertain his advocacy for BTC, Trump has named a pro-crypto transition committee featuring Howard Lutnick of Cantor Fitzgerald.
This plan to back crypto comes after Vice President Kamala Harris began accepting crypto donations through Coinbase. Notably, this marks an emphatic move by the DNC Candidate who many thought is anti-crypto. It remains uncertain how she will respond to this Bitcoin publicity in the fight to maintain lead in the polls.
Elon Musk In Government – The Confirmation
It is no news that billionaire investor Elon Musk is a core Trump supporter. The former President confirmed at the Economic Club that there will be Government Efficiency Commission that Elon Musk will head.
The billionaire has acknowledged this offer and in a recent X post. Notably, Musk said he cannot wait to audit US Federal Agencies under Donald Trump. He noted that the role does not need to come with a definitive title or payment, a take that has triggered debate in the community.
Moving ahead, the crypto ecosystem is currently split either Donald Trump and Kamala Harris. Polymarket poll is always changing as sentiment shifts. By November, the people’s choice will become glaring.
Read More: US Election: Will The Odds Turn Against Donald Trump As Putin Endorses Harris?
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