Trump Surges 1% and Harris dips 0.7% in Polymarket Betting

With only 42 days left for the elections, the 2024 U.S. presidential election intensifies. The crypto community is facing a dilemma over which candidate to back. A recent Polymarket Poll shows Vice President Kamala Harris leading with 50%, with a slight dip of 0.7%, while Donald Trump is close behind with 48%, gaining 1%. This neck-and-neck race brings significant attention to their respective stances on cryptocurrency. 

Harris’s Crypto Stance

Harris recently outlined her position on crypto, emphasizing regulation and innovation in the digital asset space. However, the crypto community remains skeptical, questioning her commitment to genuine decentralization and her modus operandi. Her stance, while seen as progressive by some, lacks the trust of many within the crypto world, who worry that heavy-handed regulation could stifle growth. 

Trump’s Crypto Stance

Trump, on the other hand, has made it clear in the past elections that he does not see cryptocurrency as “real money”. Despite this, his broader anti-regulatory stance appeals to some in the community who favor minimal government interference in financial markets. His recent surge in the polls, up by 1%, suggests that this segment of crypto community may be leaning towards his side despite his previous negative comments on the digital assets.

Trump in a recent interview with BBC said that he would not run again in 2028 for presidency if he loses this election. This statement may add urgency to his candidacy among supporters, including some in the crypto space who see him as a better option for a hand-off approach to financial innovation. 

The Crypto Community Dilemma

As the polls tighten, the crypto community is split between Harris’s regulatory approach and Trump’s anti-regulatory sentiment. This dilemma reflects the complexity of the crypto community’s needs and values, making it challenging to unite behind a single candidate and hence the election outcome could significantly impact the future of crypto regulation in the U.S. 

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