The post Galaxy Digital Assess Crypto Policy Positions appeared on BitcoinEthereumNews.com.

Alex Thorn, Head of Research at Galaxy Digital posted on X to release his assessment of the policy positions of Biden, Harris, and Trump on major Bitcoin and crypto issues. While the assessment is subjective, it provides a useful summary of the broader differences between each candidate. What is clear is that Harris is more supportive than Biden, a definite win for the crypto industry.  Source: X Thorn wrote, “I’m releasing our policy scorecard on the positions of Biden, Harris, and Trump on major Bitcoin and Crypto issues. Bottom line: While Trump is undoubtedly more favorable for the industry, we’re optimistic that Harris could be more supportive than Biden has been. Source: X Based on the analysis, we view downside risk of a Harris victory as limited, with explosive upside possible in the case of a Trump victory. With little on the regulatory agenda, Bitcoin should fare well regardless of outcome. Altcoins face risk from Harris and could see outperformance with Trump.  The analysis is based on our review of public statements, intelligence derived from personnel around the campaigns, and signals from the campaigns both public and private. U.S. Vice President Kamala Harris is continuing her push to connect with the cryptocurrency community as part of her “Opportunity Economy” platform. On October 14, Harris is set to meet with Black entrepreneurs in Erie, Pennsylvania. Her agenda includes discussing the importance of supporting Black-owned small businesses, navigating cryptocurrency and digital asset regulation, and advocating for the federal legalization of cannabis. Harris Pushes Opportunity Economy Focus Earlier today the Harris campaign said they aim to win the support of Black men by creating an economy that empowers them to thrive—whether it’s through homeownership, starting businesses, or building generational wealth via crypto. “Vice President Harris is committed to ensuring Black men are equipped…

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Filed under: News - @ October 14, 2024 11:21 pm