Who’s Better for Crypto?
Cardano founder Charles Hoskinson thinks former President Donald Trump is the better choice for the crypto industry. He says Trump has shown more support for crypto than Vice President Kamala Harris.
Hoskinson’s Take on Trump’s Crypto Support
Hoskinson was a big fan of Trump’s actions at the TOKEN2049 conference in Singapore. He said, “Any candidate who gets involved in crypto conferences or starts DeFi projects is probably better for the industry than someone who appointed Gary Gensler as SEC Chair.”
He’s referring to Trump’s promise to make crypto regulations more favorable and to fire Gensler if he’s re-elected. Hoskinson thinks the Biden-Harris administration has been bad for crypto and that voting for Harris would be a threat to the US crypto sector.
Trump’s Crypto Moves
Trump has shown his support for crypto since attending a Bitcoin conference in July. He launched a DeFi project called World Liberty Financial and even used Bitcoin to buy cheeseburgers for his supporters.
Concerns About Trump’s Crypto Project
While Hoskinson acknowledges that Trump is “opportunistic,” he’s worried about World Liberty Financial. He thinks it could become a political issue. “Trump launching a DeFi app is concerning for the industry,” he said.
Analysts See Harris as a Better Choice for Bitcoin
Even though Trump has more crypto support, Hoskinson still thinks neither he nor Harris would do much to help the crypto industry. However, he said Trump is “the favorite from a crypto perspective.”
Some analysts at VanEck disagree. They think Harris would be better for Bitcoin. They argue that her presidency would likely continue current economic policies, which could weaken the US dollar and make Bitcoin more popular. They believe “a Kamala Harris presidency could be more beneficial for Bitcoin” because it would “accelerate many of the structural issues that underpin Bitcoin adoption.”
