Crypto Policy Scorecard Rates Trump, Harris And Biden: One's 'Undoubtedly More Favorable' But There's One 'Supportive' Surprise
Portfolio Pulse from Khyathi Dalal
A policy scorecard by Alex Thorn from Galaxy Research evaluates the crypto positions of Joe Biden, Kamala Harris, and Donald Trump. Trump is seen as the most favorable for the crypto industry, with potential benefits for altcoins. Biden's administration is viewed as hostile, while Harris shows a mixed but potentially supportive stance.
October 16, 2024 | 2:50 pm
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Bitcoin is expected to fare well regardless of the election outcome, but altcoins may benefit more from a Trump victory. Biden's administration has been critical of Bitcoin mining, proposing a 30% tax, while Harris shows a more favorable stance.
The article suggests that Bitcoin will perform well regardless of the election outcome, but altcoins could see more benefits if Trump wins. Biden's administration has been critical of Bitcoin mining, proposing a 30% tax, which could negatively impact Bitcoin miners. Harris, however, shows a more favorable stance towards Bitcoin mining, which could mitigate some of the negative impacts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80