The upcoming U.S. presidential election is addressing all key issues, including cryptocurrency.
Trump's Crypto Disclosures
The Federal Election Commission requires candidates for federal offices to disclose their finances. Donald Trump revealed that he holds cryptocurrency worth over $1 million. He also earned $300,000 from endorsing the Greenwood Bible and nearly $5 million in royalties from his books. His financial disclosure also listed a 'cryptocurrency wallet virtual Ethereum key' valued between $1 and $5 million.
Effects of Cryptocurrency on Elections
Considering the growing popularity and use of cryptocurrencies in the U.S., their significance for the election could be underestimated. The decentralized nature of cryptocurrencies makes them ideal for international transfers, fueling the growth of the offshore crypto gambling market.
Kamala Harris's Position
Vice President Kamala Harris has yet to take a definitive stance on cryptocurrencies. This is likely due to the Biden administration focusing on the potentially negative effects of crypto use, demanding a more comprehensive regulatory framework.
Leading up to the election, cryptocurrency remains one of the chief topics of discussion. Many voters have yet to decide which stance they will support.
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