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Author: Alex O’donnell, Cointelegraph; Compilation: Deng Tong, Bitchain Vision Realm
On October 14th, Galaxy Research said that US presidential candidate Kamala Harris attitude towards cryptocurrencies is more friendly than her boss, President Joe Biden, but far less than competitors than competitors.Donald Trump’s attitude towards the cryptocurrency industry.
Galaxy research director Alex Thorn published an article posted on the X platform, saying thatHarris promised to greatly improve the regulatory environment of the US cryptocurrency company, but she has a disadvantaged position on other related issues such as taxation, Bitcoin mining and self -custody.
Thorne said:“Although Trump is undoubtedly more beneficial to the industry, we are optimistic that Harris may give more support than Biden.”
Source: Galaxy Research
What is the performance of Trump and Harris in cryptocurrency policy
In November, the US presidential election will be confronted by Republican candidate Trump and Democratic candidate Harris. Trump has expressed his hope to make the United States a “capital of the world cryptocurrency”, and Harris’s attitude towards the cryptocurrency industry is relatively silent.
Under the leadership of Democrats Biden, the US Securities and Exchange Commission has adopted a positive regulatory position on cryptocurrencies and adopted more than 100 regulatory actions for industry companies.
In July, Trump promised to “dismiss” the current chairman of the US Securities and Exchange Commission Gary Genler.
Beginning in September, Harriska has entered the investment in cryptocurrencies and listed blockchain technology as one of the emerging technologies that she hopes to “maintain dominance” in the United States.
This may mean that cryptocurrency supervision positions are more milder.Galaxy said, “behind -the -scenes dialogue […] indicates that Harris’s goal is a slightly constructive method than Biden.”
On October 2nd, Gurbir Grewal, head of law enforcement of the US Securities and Exchange Commission, resigned, which may indicate that the current government will change within the current government.
Three -quarters of cryptocurrency holders said that candidate’s cryptocurrency policy will affect their voting methods.Source: Gemini
According to Galaxy, Harris still “extremely opposed” the industry on tax issues.Galaxy said her plan includes “revoking Trump’s tax cutting policy”, which may lead to an increase in capital gains of cryptocurrency holders.
At the same time, Trump expressed support for Bitcoin mining and mixed it with the manufacturing industry.According to reports, Trump hopes more Bitcoin “Made in the United States.”
Galaxy said that Trump also promised to “protect self -custody right”, which means that the encrypted assets are stored in the wallet managed by the owner, not a third -party custodian.
Harris did not adopt a similar favorable position in Bitcoin mining or self -custody.
It is worth noting that Galaxy said that both candidates held a tough attitude towards foreign opponents’ encrypted transactions.
This may restrict the support of two candidates’ “no license” decentralized financial agreement that violates “understanding your customers” or anti -money laundering rules.
