Trump and Harris Debate as Crypto Policy Remains Unclear

Key Points:

• Only 6% of voters want to hear about crypto policy in the debate.
• Trump supports Bitcoin, while Harris has not yet revealed her stance on cryptocurrency.

How Donald Trump’s Stance on Crypto Is Evolving

Trump’s position on cryptocurrency has dramatically shifted. He previously labelled Bitcoin a “scam” and called for action against the digital currency during his presidency. However, on the campaign trail for the 2024 election, Trump has taken a very crypto-friendly stance. Today, he claims he will side with the Bitcoin miners, block central bank digital currencies, and fire SEC Chair Gary Gensler if elected back into office.

Harris’s Ambiguous Approach to Crypto Policy

Meanwhile, Kamala Harris has remained somewhat silent on crypto policy. The platform is one of speaking to foster innovation and making sure the U.S. continues to lead when it comes to new technologies, but Harris has not yet laid out how she would regard digital assets. There’s also speculation that Democratic donors might seek to shake things up on the SEC, but to date, Harris hasn’t given any indication of an intent to do so in crypto policy.

Crypto Policy: Future Implications

Even without a starring crypto policy, the dialogue of both candidates on innovation and financial regulation remains under a magnifying glass by industry advocates for any hints into what to expect from their policymaking. According to analysts, Trump’s strong performance might provide a temporary boost in crypto markets in light of recent pro-Bitcoin rhetoric from the former president.

With the poll showing it’s a dead-heat contest and crypto-funded PACs ready to go toe-to-toe with key congressional races, positions from both camps become all the more important. Whether the debate will set new light on the way ahead for U.S. crypto policy remains uncertain.

While the debate still unfolds, it is not yet clear if crypto will be addressed by Trump and Harris, but it is crystal clear: voters and industry observers alike want to hear more from campaigns about their digital-asset policies.