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Republican candidate Donald Trump utilized social media on October 31 to commemorate Bitcoin’s 16th anniversary, seizing the opportunity to critique his electoral rival, Vice President Kamala Harris, as the 2024 U.S. presidential campaign heats up.
Donald Trump Commemorates Bitcoin’s Anniversary, Critiques Kamala Harris on Crypto
“I would like to extend my best wishes to our esteemed Bitcoin community on the 16th Anniversary of Satoshi’s White Paper,” Trump shared. “We will put an end to Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP!”
I would like to extend my best wishes to our esteemed Bitcoin community on the 16th Anniversary of Satoshi’s White Paper. We will put an end to Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne
— Donald J. Trump (@realDonaldTrump) October 31, 2024
Trump’s remarks regarding Bitcoin arise as the cryptocurrency saw a temporary decline into the high $68,000s before rebounding above $70,000, indicating a favorable reaction to recent U.S. employment data.
The report indicated job growth that fell short of expectations, which bolstered market anticipations for further rate reductions from the Federal Reserve.
This softer economic perspective, along with consistent consumer data, fosters a conducive environment for risk assets such as Bitcoin.
As the year advances, these macroeconomic factors may continue to bolster Bitcoin’s price stability and prospects for additional increases.
The U.S. Presidential Election Race Approaches Its Conclusion
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Trump has maintained a firm position on blockchain and digital assets throughout his campaign, even vowing to dismiss current Securities and Exchange Commission (SEC) Chair Gary Gensler if he wins.
He has publicly criticized the SEC’s enforcement-driven regulatory approach to digital assets, advocating for a more encouraging regulatory framework instead.
“If, for some reason, unfavorable events occur and we do not win the election, those who are currently free as a bird in the crypto space could face scrutiny the day after the election if they succeed,” Trump informed attendees at the September 2024 launch of his family’s crypto platform, World Liberty Financial.
Conversely, Harris has committed to backing innovative technologies such as AI and digital assets, focusing on consumer and investor protection.
Her proposed economic strategy, in conjunction with running mate Minnesota Governor Tim Walz, highlights the creation of equitable digital asset regulations and outreach to Black male voters, a crucial demographic that could influence the election outcome.
@KamalaHarris pledges to safeguard crypto investors and promote economic empowerment for Black males ahead of the election.#USPresidentialElections #CryptoRegulationshttps://t.co/K7CgIVKJKZ
— Cryptonews.com (@cryptonews) October 14, 2024
“She will ensure that owners and investors in digital assets benefit from a regulatory framework,” states a recent agenda from the Harris campaign. “This guarantees that Black men and others participating in this market are safeguarded.”
As national surveys indicate a closely contested race between Trump and Harris, the election’s outcome may influence the future of U.S. digital asset regulations.
The post Former U.S. President Donald Trump Marks Bitcoin’s Anniversary, Slams Kamala Harris appeared first on Cryptonews.
