Former President Donald Trump’s keynote address at the 2024 Nashville Bitcoin Conference has sent shockwaves through the political landscape, compelling Kamala Harris to reconsider her stance on cryptocurrency.
In his speech, Trump announced plans to implement crypto-friendly regulations, aiming to bolster economic growth and cement the US’s leadership in digital finance.
Nigel Green, CEO of deVere Group, hailed this move as a “masterstroke,” predicting it could significantly impact Harris’s campaign.
The announcement has increased pressure on Harris and the Democratic Party to engage with the crypto community, which represents a substantial and growing voting bloc.
“The crypto ecosystem represents a rapidly growing and influential voting bloc. Ignoring this demographic – 40% of Americans – could be politically detrimental,” Green said.
Crypto Money
The influence of wealthy tech and crypto donors is a critical factor. Trump’s campaign has already garnered over $120 million from industry executives.
Trump also proposed forming a Bitcoin (BTC) and crypto advisory council to develop transparent regulatory guidelines and pledged to fire SEC Chair Gary Gensler.
“Trump’s proactive stance on crypto reshapes the political and economic landscape. Any hesitation from Harris could be perceived as a significant weakness,” Green added.
