Kamala Harris Seen as Anto-crypto by Americans

On September 18, Alex Svanevik, CEO of blockchain analytics platform Nansen, discussed the 2024 United States presidential election in an interview with Cointelegraph at Token2049.

Svanevik shared his views on how the election outcome could impact the future of cryptocurrencies in the US and globally, depending on whether Donald Trump or Kamala Harris becomes president:

“I think, if Trump wins, it seems pretty clear that that’s very bullish for crypto in the US [...] in the sense that he is the most pro-crypto candidate. And on the flipside, I think, if you look at the Democrats and Harris […] it’s basically a relatively hostile environment for crypto.”

Svanevik predicts that a Harris presidency might continue the current administration's policies, which some view as less supportive of cryptocurrency development and innovation.

However, Svanevik noted that Harris’s rise to power could have positive effects for the crypto industry abroad due to its potential impact on US-based crypto firms, adding:

“If you just think two or three steps ahead, what might happen is that it’s bullish for crypto outside of the US because crypto firms will move from the US.”

He added that he had spoken with founders and CEOs who said they would consider relocating their businesses if Harris wins.

Trump, who has previously launched cryptocurrency projects and shown pro-crypto leanings, is viewed by some as a strong supporter of the sector.

Svanevik suggests that a Trump victory in the 2024 election could benefit the US crypto industry:

“...it’s bullish for the US that Trump wins. It’s maybe short-term bearish for everyone if Harris wins [...] if you’re not an American, you support Harris because then you have more crypto business outside of the US.”

However, it’s important to note that in 2019, Trump stated he was “not a fan of Bitcoin and other cryptocurrencies,” claiming they were “based on thin air” and “not money.”

When Trump announced plans to launch a WLFI token through his World Liberty Financial Project on September 16, the crypto community reacted with mixed feelings.

Some users criticized the move, suggesting he had lost their support, while others cautiously suggested that the timing of the WLFI project was poor and inherently risky.

Sources:

https://cointelegraph.com/news/alex-svanevik-crypto-future-us-election-trump-harris

https://finance.yahoo.com/news/kamala-harris-presidency-good-crypto-130044019.html