Trump Presidency Will Be 'Total Game Changer' For Crypto Industry, Says Pro-Bitcoin Senator Cynthia Lummis: Forsees 'Uphill Battle' If Kamala Harris Wins
Portfolio Pulse from Aniket Verma
Senator Cynthia Lummis believes a Trump presidency would significantly benefit the cryptocurrency industry, advocating for a Bitcoin strategic reserve. In contrast, she predicts challenges if Kamala Harris wins. Lummis' proposed legislation aims to use Bitcoin to address the U.S. national debt.
September 05, 2024 | 4:17 am
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Senator Cynthia Lummis suggests a Trump presidency would favor Bitcoin, potentially leading to a strategic reserve and regulatory support. This could boost Bitcoin's value, while a Harris win might pose challenges.
Lummis' comments suggest a Trump presidency would support Bitcoin through favorable regulation and a strategic reserve, likely boosting its value. Conversely, a Harris win could lead to regulatory challenges, impacting Bitcoin negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80