While Donald Trump has strong backing from the crypto community, Kamala Harris has also garnered significant support. The 2024 U.S. presidential election has attracted interest from crypto investors, with several key figures and entrepreneurs publicly endorsing both candidates.
Trump Leads in Crypto Support
Donald Trump, known for his cautious stance on Bitcoin, has received more public support from the crypto community than Harris. His advantage may be due to announcing his candidacy back in November 2022, whereas Harris was nominated only in July 2024.
One of the first to publicly back Trump was Jeremy Kauffman from the blockchain platform LBRY in May 2024. Harris received her first crypto-related endorsement in August from former Uphold CEO JP Thieriot, followed by John O’Farrell of Andreessen Horowitz.
Prominent Crypto Figures Backing Trump
Trump has also gained support from other influential figures in the crypto world. For instance, the founders of Gemini, the Winklevoss twins, pledged $2 million in Bitcoin for his re-election. Kraken founder Jesse Powell donated $1 million, calling Trump the “pro-crypto candidate.” Cathie Wood of ARK Invest and Elon Musk, Tesla’s CEO, have also endorsed him.
Other crypto project founders backing Trump include Charles Hoskinson (Cardano), Mike Belshe (BitGo), Justin Sun (Tron), and several key investors.
Harris Gains Crypto Community Support Despite Late Start
Despite her later start, Harris has gained the backing of some significant players in the crypto industry. In September, she broke her silence on crypto policy, supporting the industry while emphasizing consumer protection. Ripple CEO Chris Larsen and Cleve Mesidor from the Blockchain Foundation have expressed support for Harris, organizing fundraisers for her campaign.
One of her most notable supporters is Mark Cuban, who has criticized the potential of a second Trump term. She also has the backing of managers from firms like a16z and SkyBridge Capital, including Anthony Scaramucci, who is actively working on Harris’s crypto policy.
Independent Stances: Crypto Development Independent of Election Outcome
Some crypto representatives remain neutral, believing the growth of crypto does not depend on the election winner. Investor Tim Draper donated to both campaigns, expressing confidence that “both candidates have good intentions.”
Coinbase CEO Brian Armstrong believes the future U.S. government will be open to cryptocurrencies regardless of the election outcome. Mati Greenspan, founder of Quantum Economics, noted that the crypto community understands Bitcoin’s independence, with many people feeling that “voting for Harris poses no threat to crypto.”
On October 27, Michael Saylor of MicroStrategy conducted a survey showing that 90% of 100,000 respondents would choose Trump as the better president for Bitcoin.
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