Originally published on: October 30, 2024
As the 2024 US presidential election approaches, the cryptocurrency industry is making its voice heard by endorsing its preferred candidate. From prominent executives to venture capitalists, many in the crypto community are showing their support for either Republican nominee Donald Trump or Democratic candidate Kamala Harris.
When it comes to crypto-related endorsements, Trump seems to have the upper hand over Harris in terms of quantity. This could be attributed to Harris entering the race later than Trump, securing the Democratic nomination in July after Trump had announced his candidacy nearly two years prior.
Among Trump’s early endorsements was Jeremy Kauffman, founder of LBRY, who voiced his support in May 2024. On the other hand, Harris received her first crypto-related endorsements a few months later, with notable figures like former Uphold CEO JP Thieriot and John O’Farrell from Andreessen Horowitz backing her in August.
Key players in the crypto industry have openly shown their support for Trump, including Gemini founders Cameron and Tyler Winklevoss, Kraken co-founder Jesse Powell, and renowned investor Cathie Wood. Even Elon Musk, the man behind Tesla’s massive Bitcoin investment, has endorsed Trump and made appearances at his rallies.
In contrast, Harris has garnered endorsements from influential figures like Ripple co-founder Chris Larsen, blockchain advocate Laura Shin, and billionaire Mark Cuban, who has been vocal about his support for Harris over Trump.
While some in the crypto industry have chosen to remain neutral, others like Tim Draper have donated to both Harris and Trump’s campaigns. Brian Armstrong of Coinbase believes that the incoming administration will be positive for the crypto industry, regardless of the election outcome.
As the election day draws nearer, the crypto community continues to debate which candidate will be better for the industry. Whether you’re team Trump or team Harris, one thing is certain – the crypto industry’s growth is inevitable, no matter who sits in the White House.
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