How did cryptocurrencies become a central election topic?
Bitcoin, created in 2008, has evolved from a once-underestimated digital asset into one of the most significant topics in American politics. Governments around the world have started regulating cryptocurrencies, and the United States is no exception. The U.S. has become one of the strictest regulators, partly due to state policies such as New York’s introduction of BitLicense in 2015, the first official cryptocurrency regulation. As a result, cryptocurrencies now play a key role in elections, shaping the positions of both candidates and voters who base their decisions on attitudes towards this rapidly evolving market.
Trump's cryptocurrency transformation
Donald Trump, who was once opposed to cryptocurrencies, has dramatically reversed his stance during his 2024 campaign. His goal is to make the U.S. a leader in Bitcoin mining and cryptocurrency. Trump plans to support mining, oppose central bank digital currencies (CBDCs), and promote decentralization. His positive attitude toward Bitcoin mining and cryptocurrency use has attracted crypto investors and boosted his campaign. He is also known for his NFT collection, and his campaign accepts donations in cryptocurrencies.
Harris remains hesitant
Kamala Harris, the Democratic candidate, has yet to clearly define her position on cryptocurrencies. While she has been in contact with leaders from major cryptocurrency companies such as Coinbase and Ripple Labs, her stance is still developing. Some analysts believe she could appeal to pro-crypto voters if she offers concrete steps to support the cryptocurrency market.
Whoever becomes the leader of the USA after the November elections, cryptocurrencies will be an inseparable part of our future. Regardless of the approach the new president chooses – whether stricter regulations or support for a more open market – it is clear that cryptocurrencies will continue to play a key role on the global economic stage. Cryptocurrencies are here to stay, and 2Bminer believes in their future!