The recent U.S. presidential debate between Democratic nominee Kamala Harris and Republican candidate Donald Trump was highly anticipated by the cryptocurrency community. Many investors and crypto enthusiasts hoped the candidates would address digital asset policies, given the increasing significance of cryptocurrency in American politics. However, the debate ended without any discussion of cryptocurrency or related policies.
This omission was disappointing for many in the crypto sector, as a candidate’s stance on digital assets has become crucial for voters, particularly for those involved in or invested in the crypto space. A recent survey indicated that a substantial portion of crypto owners would consider a candidate’s policies on digital assets when voting, with a significant number stating these policies would greatly influence their decision.
Despite the lack of discussion on crypto, Kamala Harris saw a boost in her chances of winning the election, with her odds increasing by 4% following the debate. This rise is partly attributed to endorsements from notable figures, including singer Taylor Swift and several business leaders, as well as her performance in the debate. Conversely, Donald Trump, who has been more vocal about supporting the crypto industry, did not make significant gains from the debate.
For traders, this development might suggest potential impacts on market sentiment depending on the election outcome and the candidates’ future policies on cryptocurrency. As the election approaches, keeping track of political developments and their implications for digital assets could be important for making informed trading decisions.
