Crypto's Defining Moments in the Lead Up to the US Election
As the US election on November 5 approaches, the crypto industry has made significant strides in political engagement. Key moments include Donald Trump's pledge to protect digital asset companies, the Republican Party's plan to defend Bitcoin mining, and Trump's launch of a DeFi platform called World Liberty Financial. At BTC Nashville, Trump promised to fire SEC Chair Gary Gensler while Robert F. Kennedy Jr. articulated a detailed Bitcoin agenda before suspending his campaign in Trump's favor. Events hosted by U.S. Democrats, such as a roundtable led by Sen. Chuck Schumer aiming to create clearer crypto regulations, highlighted bipartisan support for the industry. However, this period was marred by scams related to Trump's DeFi project. Additionally, Vice President Kamala Harris outlined plans for crypto regulations targeting Black men, stirring mixed reactions. Overall, these developments illustrate the increasing intersection of cryptocurrency and politics as candidates seek to align themselves with this influential market.
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