Donald Trump Talks crypto, world Liberty Financial
At the launch of world Liberty Financial, Donald Trump issued a cautionary message to the "crypto world" in the event of losing the 2024 presidential election to Kamala Harris. The former U.S. president criticized the SEC's regulatory approach to the digital asset sector, labeling it as "extremely hostile."
Trump specifically highlighted the SEC's treatment of American crypto entrepreneurs, stating that those under investigation could face dire consequences if Harris were to win. He emphasized that any regulatory crackdown would start immediately after the election, impacting individuals in the crypto space.
During a live broadcast from Mar-a-Lago, Trump expressed these concerns just a day after reportedly surviving a second assassination attempt in two months. Despite these challenges, he remained steadfast in his support for the cryptocurrency industry.
Will Kamala Harris Unveil Her crypto Plans?
While Trump has been vocal about his intentions to support and promote the cryptocurrency sector if elected, Kamala Harris has yet to reveal her specific stance on digital assets. Although her campaign website covers various political issues, a detailed plan for crypto remains absent.
crypto advocates speculate on the impact of Harris' close ties to the SEC-friendly Biden administration, raising concerns about potential consequences for the crypto industry. However, recent indications suggest that Harris may have a more receptive approach to cryptocurrencies compared to her predecessor.
With the release of world Liberty Financial by Trump's sons, Donald Junior and Eric, the former president solidifies his connection to the crypto space. Trump reiterated his stance on the importance of embracing crypto, recognizing it as a significant aspect that cannot be ignored.
The ongoing political debates between Trump and Harris ahead of the November 2024 election hold significant implications for the blockchain industry. Trump's unwavering support for crypto and Harris' evolving stance on digital assets set the stage for potential policy shifts that could shape the future of cryptocurrencies in the U.S.
