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trump crypto policy

Trump election win could send BTC to $100K and propel altcoins further

Never has cryptocurrency been so connected with the US elections, the outcome of which could trigger a full-on bull market. What are the prospects if Trump wins?

Crypto has found itself in a unique position as a campaign issue in the United States 2024 presidential election.

Many in the industry have backed former US president and Republican nominee Donald Trump, with his pro-crypto policy promises seen as a potential catalyst for industry growth.

With opinion polls suggesting it’s still anyone’s race, crypto traders like Satoshi Flipper argue that a Trump victory hasn’t yet been priced into the crypto market. Satoshi Flipper believes a Republican win would strengthen the ongoing Bitcoin (BTC) and altcoin bull market.

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Harris beats Biden, lags Trump on crypto policy — Galaxy Research

Harris takes a softer stance than Biden on crypto regulation but is more skeptical than Trump on taxes, Bitcoin mining and self-custody, according to Galaxy Research.

United States presidential candidate Kamala Harris is friendlier toward cryptocurrency than her boss, President Joe Biden, but not nearly as pro-industry as rival Donald Trump, Galaxy Research said on Oct. 14.

Harris promises to meaningfully improve the regulatory environment for US crypto firms, but she holds unfavorable positions on other relevant issues, such as taxes, Bitcoin (BTC) mining and self-custody, according to a post by Alex Thorn, Galaxy’s research head, on the X platform.

“While trump is undoubtedly more favorable for the industry, we’re optimistic that harris could be more supportive than biden has been,” Thorn said.

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Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls