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Blockchain Association outlines crypto priorities for Trump’s first 100 days

The Association ultimately seeks a swift end to the “regulation by enforcement” era of cryptocurrency oversight in the US. 

Washington, DC-based advocacy group Blockchain Association submitted a letter to Donald Trump on Nov. 22 beseeching the President-elect to prioritize radical cryptocurrency and blockchain regulatory reform during his first 100 days in office. 

The brief letter was shared on the Association’s website. It lays out a five-point reformation plan for the incoming Trump administration’s first 100 days.

Blockchain Association’s stated goal is for the republican party to restructure federal oversight in the cryptocurrency and blockchain sectors in order to spur growth in the sector. 

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3 reasons why Ethereum price is headed toward $4K

​​Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.

Increasing excitement over a crypto-friendly business environment in the United States following Donald Trump’s presidential election win caused the price of Ether (ETH) to jump over 37% over the last seven days to trade at highs not seen since July 24.

ETH/USD daily chart. Source: TradingView

At the time of writing, Ether is trading at $3,392 with increasing demand through spot Ethereum ETFs, and onchain metrics suggest that the altcoins uptrend remains intact.

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Polymarket payouts to be delayed unless Fox, NBC agree on US election winner

No matter who wins the 2024 US presidential election, Polymarket users may have to wait months for their settlements. 

Donald Trump maintains a formative lead over Kamala Harris on the Polymarket prediction market but, no matter who wins the election, payouts could be delayed until Jan. 20, 2025, unless the Associated Press, Fox, and NBC all agree on a clear winner. 

Under the rules of the “Presidential Election Winner 2024” contest on Polymarket, either candidate must win the election for payouts to occur. However, when it comes to US presidential elections, it can take days, weeks, or even months to determine the final outcome.

According to a disclaimer on the contest’s landing page, Polymarket won’t declare a winner before Inauguration Day unless the media reaches a consensus.

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Harris vs Trump: Who is the crypto industry backing?

While Donald Trump has been associated with broad support from the crypto community, many people in crypto have endorsed Kamala Harris as well.

The 2024 United States presidential election has prompted many endorsements from the cryptocurrency industry, with several executives and entrepreneurs voicing their support for either candidate.

While Republican nominee and former President Donald Trump has attracted substantial backing from the crypto community, Democratic candidate and sitting Vice President Kamala Harris has also garnered notable endorsements.

With the election on Nov. 5, Cointelegraph reviewed public crypto-related endorsements for both candidates.

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Crypto events turn to regulation and politics as US election looms

Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.

With less than a month until the people of the United States decide who will represent them in the House of Representatives, Senate, and the Presidency, some crypto events seem to be focused on regulation and politics. 

Attending the Permissionless III conference in Salt Lake City, Utah, and Ripple Swell in Miami, Florida, in October, Cointelegraph noted that many panels included takes from high-level executives on their predictions for what would happen in the November race between Democrat Kamala Harris and Republican Donald Trump for the US presidency, and what the outcome could mean for the industry in 2025.

Whether the topics of discussion initially focused on regulation or included stablecoins or Bitcoin (BTC) mining, many participants suggested that digital assets had become more of a mainstream issue in US politics in 2024 in a way never before seen. 

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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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Bernstein Analysts Say Crypto Assets Could End Up As the ‘Trump Trade’ As 2024 Elections Approach: Report

Bernstein Analysts Say Crypto Assets Could End Up As the ‘Trump Trade’ As 2024 Elections Approach: Report

Bernstein analysts reportedly think crypto assets could rally if former president Donald Trump wins the 2024 election. Gautam Chhugani and Mahika Sapra, two analysts at the Wall Street brokerage giant say in a new report that a Trump Administration could potentially bolster institutional adoption of digital assets with friendly regulations, according to Bloomberg. “The Republican […]

The post Bernstein Analysts Say Crypto Assets Could End Up As the ‘Trump Trade’ As 2024 Elections Approach: Report appeared first on The Daily Hodl.

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