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Author: Daniel Ramirez-Escudeero Source: Cointelegraph Translation: Shan Ouba, Bit Chain Vision
Americans will go to the voting station for the next president on November 5.Due to the increase in polarization of voters and the general low voting rate, the upcoming election is expected to be a fierce competition.As the election day approaches, the presidential candidate is fighting for the public’s trust and promises a more bright future.
Cryptocurrencies are now involved in this competition.
Former President Donald Trump seemed to have changed on the issue of cryptocurrencies, adopted a more reconciliation attitude, and promised to bring a “good and stable” future to the cryptocurrency industry in the United States.
Trump is really “Orange Pills”, or he just turns cryptocurrencies into another political football to ensure votes when the election day is approaching?
Trump’s view on the change of cryptocurrencies
During his term of office, Trump generally criticized cryptocurrencies.He proposed many common criticism from politicians, mainly believed that cryptocurrencies were “no foundation” and were used for drugs and other illegal activities.
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But as the election in 2024 approached, Trump changed his statement.
On May 8th, at the event organized by the Mar-A-Lago Resort for its intangible homogeneous tokens (NFT) holders in Florida, he surprised the encrypted community and accused President Joseph Biden and the current renewalGary Geli Garrike, chairman of the Securities and Exchange Commission, conspired to oppose cryptocurrencies and present his candidate qualification as an alternative choice to support cryptocurrencies voters.
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Cryptocurrency community criticizing Biden’s policy
After the Biden government threatened HJRES, Trump recently promised to be cryptocurrency fighters.109 SEC encryption bill allows US regulatory financial institutions to host cryptocurrencies.
Influential cryptocurrency advocates have stood up to support the bill, including the co -founder and Caldano founder Charles Hoskinson. He accused Bayon’s presidential term “with various possibilities for various possibilitiesThe way to hurt the industry. “
Holskinson mentioned in a recent article,The Trump administration “basically ignores” the cryptocurrency industry, and “the Bayeng government has adopted a coordinated action to eliminate cryptocurrencies.”
Ryan Selkis, the founder and CEO of Blockchain Analysis Company MESSARI: Voting to Biden is to vote to oppose the American cryptocurrency industry. If Bayeng is re -elected, the crypto industry will face a series of hostile supervision.
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Trump noticed the dissatisfaction of the cryptocurrency community to Biden, claiming that “cryptocurrencies were withdrawn from the United States because of their hostility to cryptocurrencies.”Trump said that in order to prevent the cryptocurrency industry from migrating from the United States, “we must let them stay here.”
Does Trump really care about cryptocurrencies?
Although some people in the cryptocurrency community have announced loyalty to Trump, others are more cynical about the former president’s motivation.
Monica Takh, the former technical and commercial innovation director of the El Salvador government, said that cryptocurrencies were used by some opportunistist politicians to improve their status and presented themselves as innovators.
Trump is an obvious example of this opportunity. As Trump confirmed in the NFT holder’s activity, he “initially opposed cryptocurrencies, but now, due to financial difficulties, he has even received donations in this way.”
Trump’s campaign team has been spending huge sums of money to defend the former president in 91 felony charges of two state courts and two federal regions.Cryptocurrencies can provide a way to get new funds for the campaign of funds.
The new position of Trump’s support of cryptocurrencies “belongs to the familiar model, that is, a positive view of cryptocurrencies, promised to promote innovation, and then continue to move forward.” However, he believes that “although he has recently strived to vote in cryptocurrencies, he has great efforts.Blur, but no matter how disapproved or blurred, it may be proven to be effective. “
Tak has a wealth of experience in cooperating with politicians. He suggested that only those who truly publicize this new currency system to voters, because “the main focus should be financial inclusiveness, not just marketing strategies.”
The voting of cryptocurrencies holders may be related to Swing State
Regardless of the motivation of the former president, Trump may soon find that he has a new voting area.
On March 14, a polls released by Paradigm showed that 19% of the US registered voters purchased cryptocurrencies and concluded that “one -fifth of the country’s population was not a niche group.”
Paradigm’s polls further show that cryptocurrency holders are willing to replace political parties.The survey showed that 48%of the respondents supported Trump in 2024, but only 39%of them voted to him in 2020.
This may be very important for the so -called “Swing State” situation that reverses the election.
Due to its competitiveness, Swing State has received great attention and campaign resources from both sides during the election.These data generally show that cryptocurrency owners themselves are a swing voting group. If the election is a evenly matched campaign, this group may have a decisive effect.
On May 7th, the Digital Currency Group (DCG) and Harris Public Opinion Investigation and cooperation issued a survey entitled “The Entrusted attitude of the Swing State”.The public opinion survey collected data from Michigan, Nevada, Ohio, Montana, Pennsylvania and Arizona.
The study showed the positive desire for voting, and 93 % of voters claimed that they planned to vote in the upcoming election.This data is particularly important for a country with a low voting rate.In addition, 74% of voters believe that they are involved in politics.
These voters are almost flat politically, 43% of voters tend to the Republican Party, and 45% of voters tend to the Democratic Party.
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But cryptocurrencies are far from the only issue in voting in November this year.Is the presidential candidate’s position for cryptocurrencies is essential for victory?
According to DGC surveys, 26% of the respondents said that they were concerned about the position of candidates for cryptocurrencies. 21% of the respondents said that cryptocurrencies were important issues that need to be considered during the upcoming election period.
The overall position of interviewees for cryptocurrencies may be attributed to excessive supervision: 55% of people are worried that policy makers will stifle innovation through over -supervision.
It has been nearly six months before the election in November, so the stance of candidates has enough time to change, or Trump’s legal trouble has further developed.
If Trump wants to build a decisive voting group composed of cryptocurrency holders, he must convince voters to believe that he is a real supporter, such as providing specific encryption plans.
Otherwise, it may be just a short commitment of another politician.
