Originally published on: September 18, 2024
During a recent interview at Token2049, Alex Svanevik, the CEO of Nansen, a blockchain analytics platform, shared his insights on the potential impact of the 2024 United States presidential election on the future of cryptocurrencies.
Svanevik discussed how a presidency led by either Donald Trump or Kamala Harris could influence the development and innovation of cryptocurrencies both in the US and abroad. He suggested that a Harris administration may align with current policies that are less favorable for crypto, potentially leading to US-based firms looking to relocate.
According to Svanevik, conversations with industry leaders have revealed that some are considering moving their businesses if Harris were to win the election. On the other hand, Trump, who has previously shown support for cryptocurrencies, could result in a more crypto-friendly landscape within the US.
Despite Trump’s past comments criticizing Bitcoin and other cryptocurrencies, his potential reelection could benefit crypto-related businesses within the country. However, recent backlash following the announcement of Trump’s World Liberty Financial project, including the planned launch of the WLFI token, has caused some uncertainty within the crypto community.
As the cryptocurrency industry continues to navigate political landscapes and potential policy changes, the future for US-based firms remains uncertain. Stay up-to-date on the latest developments to see how the next presidential election could impact the crypto world.
