Trump vs. Harris: Who Will Dominate the Crypto Scene in US Election 2024?
Who is who Do you know though the upcoming US presidential election is anticipated to be a battle between Democrats and Republicans, the actual fight is going to be between pro-crypto groups and anti-crypto groups? Along with the declaration of the election result, something else, more sensitive, will also be pronounced, ‘the destiny of the US cryptocurrency industry.’ The present US regime, led by Democratic leader joe biden joe biden Joe Biden President was hostile towards the industry. It’s a well known fact. No crypto enthusiast may be able to forget or forgive the better regulatory crackdowns the United States SEC has launched in the recent past. At the beginning of the campaign itself, it was evident that the chances for Democrats to win crypto enthusiasts using the face of Biden were poor. Unsurprisingly Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President emerged as a pro-crypto leader and gained the trust of a large section of crypto enthusiasts. Politics is unpredictable! Any miracle can happen! Such a miracle did happen during the present campaign as well. Joe Biden stepped aside, paving way for the emergence of Kamala Harris Kamala Harris Kamala Harris is an American politician attorney, and currently serving as vice president of the United States. She is the first female vice president and the highest-ranking female politician in the U.S. Kamala was Born in Oakland, California, and graduated from Howard University with a degree in political science and economics, and later pursued her law degree from the University of California, Hastings College of the Law. As a politician, she implemented stricter laws, the DREAM Act, and federal legalization of cannabis, healthcare, and taxation reform. Harris secured enough non-binding support from delegates to become the speculative nominee of the Democratic Party. Vice President as the Democratic Presidential Candidate against Republican candidate Donald Trump. What it presented was a thin ray of hope for Democrats to win crypto enthusiasts. Not many consider Harris as a pro-crypto leader. It is impossible for her to deny responsibility to the actions done by the Biden administration, in which she is the second in command as the US Vice-President. For Harris, it will definitely be a tough task. At present, Harris finds herself at a crossroads, attempting to reconcile her government’s regulatory stance with the growing influence of the crypto community. Biden Administration’s Approach to the Crypto Industry As mentioned in the introduction itself, there is no doubt that the US administration led by Joe Biden was, somewhat, hostile towards the crypto industry. The US Securities and Exchange Commission, led by Chairman gary gensler gary gensler Gary Gensler is an enthusiastic leader and the current chair of the U.S. Securities and Exchange Commission (SEC). He has the extreme experience that spans wall street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. He announced several initiatives to enhance investor protections in the $2 trillion cryptocurrency market. He previously led the Biden-Harris transition’s federal reserve, Banking, and securities regulation agency review team. He was awarded Treasury's highest honor, the Alexander Hamilton Award, and also was a recipient of the 2014 Frankel Fiduciary Prize. He was born on October 18, 1957, into a Jewish family, in Baltimore, Maryland. Graduated from the University of Pennsylvania, earning a Master's degree in Business Administration. Additionally, he is also a professor at the MIT Sloan School of management. He has served in various governmental roles since the 1990s, such as the treasury department, Sarbanes-Oxley, CFTC, Swaps, Enforcement, Libor investigation, Maryland Financial Consumer Protection Commission, Securities, and Exchange Commission. Gary Gensler will probably keep on filling in as seat of the SEC until 2026, accepting his renunciation. He has expressed his desires to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages. A few officials as well as his kindred SEC magistrates have scrutinized Gensler for not giving adequate administrative direction on crypto, possibly prompting a standoff between Congress and the association. The SEC, CFTC, and Financial Crimes Enforcement Network handle advanced resource guidelines in the U.S., however, each with various jurisdictional cases, bringing about an interwoven methodology that crypto firms should explore to work legitimately. Whether 2022 will see a more clear way for organizations in the crypto space is questionable, yet the cosmetics of the SEC's initiative will fundamentally change following the takeoff of chief Elad Roisman in the first month of the year. Chief Allison Lee's term is likewise set to terminate in June 2022. Chairman took an illiberal stand on cryptocurrencies. It considered cryptos as securities. Due to this stand, several top crypto companies like Binance and Coinbase have been forced to face tough legal battles. Safeguarding consumers and ensuring financial stability were the justifications provided for the hostile actions. The administration tried to develop a coordinated approach to cryptocurrency regulation in the form of initiatives like the Executive Order on Digital Assets issued in March 2022. But those attempts were inadequate to convince the crypto community that the administration’s stricter crypto policies would not hinder the growth of the industry. Actually, this discontent was a significant factor in shaping the political dynamics surrounding the crypto issue in the 2024 US election campaign. The Republican Party’s Stand on Crypto Sensibly speaking, what bothers Democrats is not the crypto community’s discontent towards the Biden administration, but is the Republican Party’s stand on the crypto industry. The prime opposition party has adopted a more pro-crypto stance in the US election campaign. It advocates for policies that promote innovation and minimize regulatory burdens. Republican candidate Donald Trump was formerly a vocal critic of cryptocurrencies. But things changed this time. Now, he is the most active crypto advocate in the entire political spectrum of the United States. It took no time for him to convince his changed stand towards cryptos to cryptocurrency enthusiasts. He even promised to roll back the stringent regulations imposed during Biden’s presidency. His promises were received well, helping him to win the heart of the crypto community in the initial stage of the US election campaign. Some of these promises were revolutionary in nature. He opposed the creation of a Central Bank Digital Currency. He defended the right of Americans to mine and self-custody their digital assets. He even suggested appointing figures like Jamie Dimon to key positions in his administration. Until the stepping down of Joe Biden from the Republican candidature, Trump, due to his aggressive pro-crypto stand, enjoyed overwhelming support from the crypto community. Is the Republican Party Winning the Crypto Sector? At a point, especially before the stepping down of Biden, it was felt that the Republican camp almost completely succeeded in winning the crypto community and there was no hope for the Democratic camp to win back their lost crypto vote base. The promise of dismantling the regulatory framework established under Biden was so appealing that none of the efforts made by Democrats to control the erosion of their crypto vote base worked. Trump’s camp launched extreme efforts to reach crypto industry leaders. Naturally, his camp raised millions from industry donors. He participated in several high profile events like the Bitcoin Conference in Nashville. But as we all know nothing is permanent in politics. Post the emergence of Kamala Harris as the Democratic Presidential Candidate, things changed slightly in favor of Democrats. At present, the crypto community is diverse. The promise of deregulation is appealing, but not to every member of the community. Some fear the over politicisation of the issue. Many are against aligning too closely with any political party. The consistent attempt by Democrats to re-engage with the crypto community started to show positive results under the leadership of Harris. The Democrats’ Crypto Strategy Democrats, under Harris’ leadership, began to recalibrate its approach to digital assets. It was not easy for Harris, given the fact that a good number of Democrats support a more regulatory stance. Lately, the trend has changed slightly. Currently, there is a growing acknowledgment within the Democratic party ranks of the need to engage more constructively with the crypto community. Recently, Harris’s camp tried to approach crypto leaders. Her campaign staff organized meetings with leading crypto firms like Coinbase and Ripple. But she knows any effort to appease the crypto community is inadequate if it does not reach the root of the community. The establishment of the ‘Crypto4Harris’ group can be considered as such an effort to reach the root of the community. Interestingly, the group is not directly affiliated with Harris’ camp, but it supports her by advocating for policies that foster innovation while also addressing legitimate concerns about regulation. In that sense, what the group projects is a balanced approach – much better and liberal than what the Democratic Party has carried so far. The strategy, it seems, has worked well. The participation of Mark Cuban and Anthony Scaramucci in pro-Harris crypto events can be considered as a reflection of this success. One big advantage the Democratic party has right now is. There is a feeling that the Democratic Party, especially its thinking about crypto, is changing. It is not because it adopted a pro-crypto stand in the election campaign, but because a good proportion of its elected members openly supported certain revolutionary crypto policies, discarding their party’s official stand of those policies. The recent passage of the Financial Innovation and Technology for the 21st Century Act with significant Democratic support is the finest example. Does it need any more evidence to assume that Democrats are genuinely willing to adopt revolutionary policies to accommodate the evolving landscape of the crypto industry. US Democratic Candidate’s Efforts to Appease Crypto Enthusiasts Harris’s camp has made several strategic moves. The prominent one is the addition of key crypto advisors to the team. What the team aims with the appointments is to gain valuable insights from their experience with major crypto firms. Such a strategy can help the team to shape a more nuanced approach to the complex crypto issue. Organizing valuable meetings is also an important part of the Democratic strategy. Kamala Harris’s team organised meetings with industry leaders. The candidate participated in several panels focused on cryptocurrencies. What is notable is how she positions herself in her party’s engagement with the crypto community. Clearly, it is evident that there is a plan from her side to present herself as a mediator to bridge the gap between the party and the community. Her appearance as a corrective force, to an extent, enables her to distance herself from the wrongs done by the ruling regime, in which she is an important part. The Importance of Crypto in the 2024 Election As per the latest estimate, at least 40 million US voters own cryptocurrencies. What this implies is that the crypto community represents an influential vote base, which can never be ignored. For the Democrats, winning over this vote base is important to countering the Republican Party’s narrative and securing voters from a younger, tech-savvy demographic – which were once a solid vote base of Democrats. Endnote In conclusion, the 2024 US Presidential Election is shaping up to be a critical moment for the future of cryptocurrency in the United States. While the Republican Party has made significant strides in winning over the crypto community, the Democratic Party, under Kamala Harris’ leadership, is not far behind. By calibrating its approach and engaging more constructively with the industry, the Democrats are working to regain the trust and support of crypto enthusiasts. As the election draws nearer, the strategies employed by both parties will play a crucial role in determining the direction of crypto regulation and innovation in the years to come.
ASV politikas grupa ierosina Bitcoin beznodokļu zonu, lai veicinātu digitālo ekonomiku
Ekonomiskās vadības vīzija Jaunizveidotās USABTC politikas grupas mērķis ir Amerikas Savienotajās Valstīs izveidot Bitcoin beznodokļu digitālo ekonomisko zonu (DEZ). Iniciatīva ir izstrādāta, lai pozicionētu valsti kā pasaules līderi digitālajā ekonomikā, ļaujot Bitcoin darījumus šajā zonā veikt bez kapitāla pieauguma nodokļiem. Tomēr Bitcoin atgriešanai tradicionālajā valūtā tiktu uzlikts nodoklis, nodrošinot valdībai ieņēmumu plūsmu. USABTC priekšlikums liecina, ka DEZ izveide piesaistītu ievērojamas investīcijas un veicinātu labklājības pieaugumu regulētā vidē. Grupa apgalvo, ka tiešs valdības Bitcoin pirkums būtu nepraktisks un politiski izaicinošs.
Donald Trump Jr. is launching a crypto platform to ‘take on’ the banks Donald Trump Jr. has revealed he’s launching a new decentralized finance crypto platform in an attempt to address inequality in banking access — though it is going to be a long way off yet. During a Q&A session on subscription-based platform Locals on Aug. 8, the eldest child of presidential candidate Donald Trump, Donald Trump Jr., saidthat he wasn’t launching a memecoin but working on a crypto platform to take on the banks. “What we’re talking about is a larger type of platform,” that’s very different and not a memecoin, he said. However, he added that it would be a “long time before we can do anything,” not giving anything away on a time frame. Trump Jr. didn’t provide much more details on the platform but emphasized that it would be taking on the banking system. “What we want to do is take on a lot of the banking world. I think there has been a lot of inequality in that only certain people can get financing [...], so this notion of decentralized finance is obviously very appealing to guys like me who have been debanked.” Rumors around a new crypto offering began circling after he mentioned DeFi in a tweet earlier this week, with many thinking it may be related to a new memecoin launch. “We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future — don’t get left behind,” he said in a post on X on Aug. 7. His brother, Eric Trump, said something similar on X on the same day: “I have truly fallen in love with crypto/DeFi. Stay tuned for a big announcement.” At the Q&A, he also addressed rumors regarding the Restore the Republic (RTR) memecoin, which had surged and crashed amid false rumors of association with the Trump family. Trump’s second son, Eric Trump, also recently denied any connection with the memecoin calling the rumors “absolutely false” on X on Aug. 8, which sent the RTR token crashing over 70%. Related: Trump token dumps 31% despite doubts he’s behind the DJT token Donald Trump Jr. made a similar warning in an X post on Aug. 8, saying: “I love how much the crypto community is embracing Trump. It’s absolutely incredible, but beware of fake tokens claiming to be part of the Trump project.” “The only official project will be announced directly by us, and it will be fair for everyone.”
Donalda Trampa dēls saka, ka viņi grasās “satricināt kripto pasauli”
Donalds Tramps jaunākais kriptovalūtu kopienā ir izteicis viļņus ar drosmīgu paziņojumu par X, kurā viņš pārliecinoši paziņoja: "Mēs gatavojamies satricināt kriptogrāfijas pasauli ar kaut ko milzīgu." Tāpat, pēc viņa teiktā, decentralizētā finanse (DeFi) ir finanšu nākotne, kas sola lielāku caurskatāmību, drošību un pieejamību. Bet tas nebija viss. Vairojot satraukumu, Ēriks Tramps arī deva mājienu uz lielu ar šifrēšanu saistītu paziņojumu neilgi pēc sava brāļa. Ēriks šīs ziņas raksturoja kā “lielas” un teica, ka tās mainīs nozares spēli.
TRUMP’S ANSWERS TO BARTIROMO'S QUESTIONS ON CRYPTO
IN HIS REAL WORDS 》》》》》》》》》》
Donald Trump: "Crypto is a very interesting thing. Very high-level in certain ways, intellectually very high-level. But if we don't do it, China's going to do it. China's going to do it anyway. But if we don't do it, China's doing it. China is already doing it, and if we don't do it, other countries are going to do it. So we might as well be at the forefront. And there are people in crypto that are very, very smart people who do love our country, and they think it's-- they think it's good. Who knows? Maybe we'll pay off our $35 trillion dollars, hand them a little crypto check, right? We'll hand them a little bitcoin and wipe out our $35 trillion." … "It's already prominent. It's moving along. It's very loosely regulated. That's one of the reasons it's moving along. But it is a different form of a currency, and it's going to end up benefiting the country. But if we shut it down like, you know, Biden's trying to shut it down-- Biden doesn't have the intellect to shut it down. Can you imagine this guy's telling you to shut something down like that? He has no idea what the hell it is. But if we don't embrace it, it's going to be embraced by other people. You know, it's a massive thing already. Did you read where it's bigger than any company in the world already, if you look at the market. It's bigger than many countries. It's a very big thing. If we're not going to be the leader– we have the people that are the leaders. I know some of them. They're very smart. And if we don't embrace it, other countries are going to embrace it. Other countries will anyway, but we can be the leader. We might as well be the leader."
Saskaņā ar nesen izplatīto paziņojumu viena no lielākajām kriptovalūtu biržām pēc apjoma pārtrauks pakalpojumus vienai valstij. Tā ir izplatīta situācija, jo Binance un citi arī ir apturējuši vai apturējuši pakalpojumu sniegšanu noteiktās jurisdikcijās, līdz tiek izpildītas saistības. Kripto jaunākās ziņas Saskaņā ar neseno Bybit biržas paziņojumu, tas vairs neapkalpos Franciju. Bybit klienti Francijā nevarēs atvērt jaunas pozīcijas. Visi produkti būs ierobežoti, spēkā no 2. augusta plkst. 08:00 (UTC). Investoriem ir jāslēdz savas pozīcijas visos produktos un jāpārved savi aktīvi no biržas.
Anglijas Banka eksperimentēs ar vairumtirdzniecības CBDC, sinhronizāciju Anglijas Banka (BOE) ierosina eksperimentālu programmu, izmantojot tās reāllaika bruto norēķinu (RTGS) sistēmu un vairumtirdzniecības centrālās bankas digitālo valūtu (wCBDC), lai novērtētu to norēķinu spēju un savietojamību, paziņoja centrālā banka diskusiju dokumentā. BOE solīja veikt jauno eksperimentu sēriju nākamo sešu mēnešu laikā. Eksperimentos lielā mērā tiek pētīti CBDC norēķini, salīdzinot ar centrālās bankas, kas nav CBDC, naudas sinhronizāciju, kā tas ir pārbaudīts Project Meridian. Sinhronizācijas tīkls integrējas ar esošajām RTGS sistēmām.
Trump won’t sell US BTC if elected, what about seized assets?
TRUMP’S STAND ON US BTC ASSETS
Donald Trump intends to make the United States the crypto capital of the planet. The former president promised this and more during a rousing speech given at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27. But some of the Republican candidate’s comments may have been cause for consternation among cryptocurrency advocates. While Trump’s speech largely centered on Bitcoin and the community surrounding it being a positive force for America, he did lay out some specifics. Chief among his promises was that the US wouldn’t part with its current Bitcoin stockpile, if he's re-elected. Per Trump: “For too long, our government has violated a cardinal rule that every Bitcoiner knows by heart: never sell your bitcoin. If I am elected, it will be the policy of my administration for the United States of America to keep 100% of all the bitcoin the US. government currently holds or acquires.”
Nic Carter Hands 10 Action Plans To Kamala Harris To Gain Crypto Support
Is VP Kamala Harris Interested in US Crypto Landscape? VP Harris, if you want to “reset” D relations with crypto, here’s a basic template – unequivocally end Choke Point 2.0. Absolute precondition – repeal SAB121 – reel in the SEC – end regime of regulatory opacity – stop harassing bitcoin miners for simply buying energy -… — nic carter (@nic__carter) July 27, 2024 For a start, he advised her to unequivocally end Choke Point 2.0. This initiative encompasses the coordinated efforts by the United States regulators to de-bank the crypto market by restricting banking services to digital asset firms. It is no surprise that Carter talks about Choke Point 2.0 as he has consistently pushed for its abolishment. Next, Carter encouraged Harris to repeal the SEC Staff Accounting Bulletin No. 121 (SAB 121). This is the same motion brought before the House in February by Reps. Mike Flood, R-Neb. , and Wiley Nickel, D-N. C. Additionally, the venture capitalist urged US VP Harris to reel in the SEC, end regime of regulatory opacity, stop harassing Bitcoin (BTC) miners for simply buying energy and indicate openness to stablecoin and market structure bills. Carter had more to write including putting a stop to stonewalling new master accounts for crypto banks. He asked Harris to stop forcing DeFi offshore, end soft prohibition on banks touching crypto/stables and drop frivolous SEC cases against crypto firms like Coinbase and others.
MAIN TAKEAWAYS Trump aims to fire SEC Chairman Gary Gensler on his first day in office.He plans to establish a cryptocurrency council to craft regulatory rules.Trump vowed to end operations against the crypto community.There will be no Central Bank Digital Currency (CBDC) under his presidency.He supports creating stablecoins to coexist with the Dollar.
Experts Are Predicting Rollblock To Outperform and Eventually Surpass Billion Dollar Meme Coin Notcoin (NOT) and BONK There are always new opportunities and interesting projects being presented in the crypto market, and investors are always hunting for the next big crypto. There’s a ton of attention on Rollblock (RBLK) because of its innovative approach to the GambleFi sector.
Analysts predict that Rollblock could outperform well-established top trending meme coins like Notcoin (NOT) and Bonk (BONK). This article will explore why Rollblock is viewed as the next big crypto and provide insights into these previous winners.
Notcoin(NOT)
Notcoin (NOT) is a popular meme coin in the cryptocurrency community. Its appealing price range of $0.01 to $0.02 has made it one of the top choices for investors wishing to accumulate a lot of tokens without a hefty cost.
Notcoin is focused on speed and efficiency in digital transactions, which has helped it develop a devoted following. Despite the initial hype, Notcoin’s popularity may be waning.
Bonk (BONK): The dog-themed meme coin
Bonk (BONK) started as a funny, dog-themed meme coin. It swiftly became one of the more prominent cryptos thanks to its community-driven strategy and active social media presence. It has had large price gains and has a high 24-hour trading volume, indicating a strong market presence. However, like many meme coins, Bonk has the challenge of retaining momentum. The coin’s value looks to be leveling out, and although it remains a pleasant and interesting investment prospect, the likelihood of exponential increase is decreasing. Investors are increasingly seeking new ventures with bigger returns.
Rollblock (RBLK): Leading the GambleFi revolution
Rollblock is making considerable progress in the cryptocurrency market, especially in its growing GambleFi sector. Rollblock is in its fourth presale round, having raised $1.25 million. The token price has risen from $0.01 to $0.017. This extraordinary presale performance has attracted investors seeking the next big crypto.
Rollblock’s GambleFi paradigm combines decentralized finance and conventional gaming, resulting in a safe and transparent experience. It utilizes the blockchain to ensure fairness and trust. The simple, privacy-focused signup process requires only an email address—bypassing KYC procedures and appealing to clients who appreciate anonymity. Token holders can also profit from the casino’s revenues, which provide a steady income stream. The platform’s buyback and burn policy maintains token value and protects investors. Rollblock’s liquidity promotes smooth transactions, improving the gaming experience. Rollblock also provides competitive odds, which are typically better than those offered by regular casinos, providing players a reasonable chance of winning. These characteristics reveal Rollblock as an industry leader in the crypto-AI gaming field, making it an interesting investment opportunity. With its successful presale, Rollblock is positioned to become a key participant in the crypto-gambling industry. Investors are closely following its progress, expecting big growth and possible rewards. Rollblock is definitely the next big crypto to watch in 2024. It’s an appealing alternative for investors looking to diversify their crypto wallets and profit from the next big trend of crypto gaming.
While Notcoin and Bonk were once top trending meme coins—Rollblock’s unique strategy and impressive presale success give it a strong possibility to replace them. As the industry gears up for another exciting year, Rollblock is primed to become the next big crypto.
Kriptovalūtu pasaule jau sen ir saskārusies ar stingru prezidenta Baidena kritiķi, kura administrācija ir bloķējusi tiesību aktus, kas palīdzētu nozarei, un gandrīz pilnībā koncentrējās uz sankcijām.
Tagad, pēc vēsturiskās nedēļas nogales, kurā Baidens atsauca savu kandidatūru atkārtotai ievēlēšanai, kriptovalūtu nozarei tagad ir jāapsver viceprezidents Kamala Hariss, kurš gandrīz noteikti pārstāvēs demokrātus 2024. gada vēlēšanās. Vai Harisa prezidentūras laikā kriptogrāfijas pasaule saskarsies ar vairāk, vai arī Heriss ieņems maigāku nostāju?
Hariss nāk no Kalifornijas, valsts tehnoloģiju galvaspilsētas. Lai gan viņš, būdams štata ģenerālprokurors, iesaistījās sociālo mediju platformās par uzmākšanos, viņš ir izveidojis uzņēmējdarbību atbalstoša politiķa reputāciju, veidojot ciešas attiecības ar tādiem vadītājiem kā Meta Šerila Sandberga. Daudzi kriptovalūtu pasaulē cer, ka viņš ņems tādu pašu viedokli vēlēšanu kampaņā un, iespējams, arī Baltajā namā.
"Ņemot vērā arvien vairāk abpusējos lēmumus, ko mēs redzam Kongresā par kriptovalūtu, es sagaidu, ka Harisa prezidentūra turpināsies šajā virzienā," sacīja Adams Minehards, Stellar Development Foundation globālo valdības attiecību prezidents un bijušais Nidijas Velaskesas personāla vadītājs. ziņojumā. teica.
Baidena administrācija, iespējams, nav sākusies ar aizspriedumiem pret šifrēšanu, taču FTX sabrukums un sabrukums, ko izraisīja Sema Bankmana-Frīda politiskie ziedojumi, izraisīja naidīgu ķēdes reakciju. Vairākas Kongresa uzklausīšanas 2022. gada beigās un 2023. gada sākumā uzsvēra riskus, ko blokķēdes platformas rada patērētājiem, un Baidena ieceltās valdības aģentūras, piemēram, Vērtspapīru un biržu komisijas priekšsēdētājs Gerijs Genslers, iesniedza tiesas prāvas pret dažiem nozares lielākajiem uzņēmumiem.