Crypto ETFs Look Unlikely to Expand Beyond Bitcoin, Ether Under Kamala Harris, Experts Say
More crypto ETFs might not ever be approved if Kamala Harris wins the presidential election.
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More crypto ETFs might not ever be approved if Kamala Harris wins the presidential election.
With less than three weeks until the U.S. presidential election, traders are positioning themselves for what’s to come after Nov. 5 and how a new administration will respond to factors affecting financial markets, including crypto.
Bitcoin (BTC) was rising on Tuesday as the crypto market continued its rebound from last week’s fear-inducing plunge.
The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November’s U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Oval Office for the next four years, one thing Wall Street firms agree on is that either nominee will bring crypto regulation forward.
Donald Trump’s plan to make bitcoin a so-called strategic reserve asset doesn’t make much sense, the editorial board of the Wall Street Journal wrote in an op-ed Tuesday.
As the odds for Joe Biden pulling out of the presidential race soared over the past day, the chances of a victory for the now crypto-friendly Donald Trump slumped.
Traders on the crypto-based prediction market now see a 29% chance that the Ohio Republican will be former President Trump’s running mate, up from 14% a week ago.
Donald Trump at an NFT event at Mar-a-Lago on May 8, 2024. (Danny Nelson/CoinDesk)
U.S. presidential candidate Donald Trump is the prevailing favorite of voters who own cryptocurrencies, according to a poll commissioned by crypto investment firm Paradigm and released on Thursday.
The three aspiring presidents touched on many of the same pro-crypto points at a Coinbase-linked crypto advocacy event.