The US election is one of the most significant political events in the world. It involves many important stakeholders, industries, and figures. However, of all the stakeholders involved in this upcoming election, the biggest one may surprise everyone.
Crypto, an industry ordinarily unconnected to politics, has played a significant role in the US presidential election campaign cycle. The crypto industry is reportedly the biggest financial contributor for the election candidates, which is no small feat. But let’s step back and look at all the key moments crypto had in the campaign run.
Trump’s Crypto Promise At The Mar-a-Lago Event
Sometime back in May, Trump won the hearts of the crypto community at an event he hosted for his latest NFT collection. It all started with a simple question from an NFT builder working on the DeGods projects.
The developer, wearing Pit Viper shades, asked the former President how he was going to keep crypto businesses in America. Trump, in reply, promised to keep digital asset companies “stateside.”
This moment has since then been mummified, and many even regard it as one of the turning points for crypto in politics.
Republicans Support Bitcoin On Party Platform
After publicly supporting crypto, Trump’s Grand Old Party shocked the world early in July.
The Republican party vowed to “defend the right to mine Bitcoin” and crypto self-custody on the party’s platform. The party also acknowledged the “unlawful and un-American crackdown” on crypto by the Biden administration and made a promise to end it.
Trump Talks Bitcoin With RFK Jr.
During a speech at BTC Nashville on July 27, Donald Trump promised to create what he called a “strategic Bitcoin stockpile for the United States Federal Reserve” should he be elected.
The then independent Presidential candidate, Robert F. Kennedy Jr., was also present at the conference, where he promised support for and promotion of Bitcoin. RFK has now rallied behind Trump after suspending his campaign.
Trump’s WLF Reveal
Already known as a key crypto supporter, Trump surfaced with a new announcement of another crypto project.
He called the project “World Liberty Financial” and claimed it would free the average American from “the big banks and financial elites.” While it was received with great excitement, skeptics thought it might lead to a potential conflict of interest.
Crypto4Harris Roundtable
Harris also got some attention in the crypto community, starting with the Crypto4Harris live stream, which saw US Democrat members of Congress and key figures in the crypto world, including Mark Cuban, attend.
This roundtable was one of the first public shows of support between members of the Democratic party and members of the crypto community.
Harris’ First Mention Of Blockchain
For the longest time, no one knew exactly what Harris’s position on crypto was until September at the Economic Club of Pittsburgh, when she promised to help the US remain dominant in AI, quantum computing, blockchain, and other emerging tech.
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.