Harris vs Trump: Who is the crypto industry backing?
The 2024 U.S. presidential election has seen notable endorsements from the cryptocurrency industry, favoring both candidates, Donald Trump and Kamala Harris. Trump, who announced his candidacy early and has been linked with policies supporting Bitcoin, has garnered significantly more crypto endorsements compared to Harris, largely due to her later entry into the race. Major crypto figures endorsing Trump include the Winklevoss twins, Kraken co-founder Jesse Powell, and various venture capitalists. Meanwhile, Harris's support includes endorsements from former Uphold CEO JP Thieriot and notable venture capitalists, who laud her consumer protection focus in crypto policy. While Trump supporters emphasize his pro-crypto stance, Harris advocates for industry support coupled with consumer safeguards. Some industry figures remain neutral, believing that regardless of the outcome, each candidate could positively influence the crypto space. The election is set for November 5, 2024, intensifying the scrutiny on candidates' crypto positions.
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