As the 2024 U.S. presidential election draws near, support from the crypto industry is divided, with key figures and investors endorsing both former President Donald Trump and Vice President Kamala Harris.
Many in the cryptocurrency space have shown strong support for Trump, while a growing number have also endorsed Harris. Trump has long been associated with pro-crypto policies, while Harris’s position gained visibility after she secured the Democratic nomination in July.
Trump Leading in Crypto Support
Trump, who initially opposed but later softened his stance on Bitcoin and crypto, has attracted endorsements from major names. Early backers include Jeremy Kauffman of LBRY, Gemini founders Cameron and Tyler Winklevoss, and Kraken co-founder Jesse Powell, who each pledged millions in Bitcoin for his campaign. Other prominent supporters are Cathie Wood of ARK Invest, Elon Musk, and Cardano founder Charles Hoskinson, each voicing confidence in Trump’s potential crypto-friendly policies.
Harris Gains Momentum Despite Late Entry
While Harris entered the race later, she has since attracted support from influential crypto figures. In September, Ripple CEO Chris Larsen, Blockchain Foundation’s Cleve Mesidor, and Mark Cuban each endorsed her, highlighting her focus on consumer protections and innovation in crypto. Notable investors like John O’Farrell from Andreessen Horowitz and Anthony Scaramucci of SkyBridge Capital have also expressed their support for Harris, noting her openness to crypto-friendly policies.
A Divided Industry
Some prominent investors, like Tim Draper, remain neutral, supporting both candidates and emphasizing that the industry’s growth will continue regardless of election results.
Summary Review: With the U.S. presidential election approaching, Trump is leading in crypto endorsements, receiving backing from major industry figures. Harris, however, is steadily gaining support among prominent crypto advocates, particularly those focused on consumer protections. Key investors maintain that crypto’s future growth remains promising regardless of the outcome.
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