Fri, September 20, 2024 at 07:39

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I have some intriguing news regarding the upcoming U.S. presidential election and its impact on the crypto market.

  • Vice President Kamala Harris is reportedly developing crypto-friendly policies for her campaign.

  • 
• Annie

  • Oh, that's interesting!😊 What exactly is she planning to do?

  
• 

  Kang-hoon

  • Well, according to Anthony Scaramucci, founder of SkyBridge Capital, Harris is working with a group of crypto advocates to distance the Democratic Party from the anti-crypto stance of Elizabeth Warren and Gary Gensler.

• Annie

  • Wow, that's a big shift!😲 Why is she doing this now?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Kang-hoon

  • It appears to be a strategic move ahead of the November elections.

  • By aligning with crypto advocates, Harris aims to gain support from the crypto community and top American businesspeople, including Ripple Executive Chairman Chris Larsen.

• Annie

  • I see.

  • So, how are Warren and Gensler involved in this?

  
• 

  Kang-hoon

  • Warren and Gensler have been leading crackdowns and regulation by enforcement against the crypto industry, particularly during Operation Choke Point 2.0.

  • Harris's new stance is an attempt to move away from their anti-crypto policies.

• Annie

  • That makes sense.

  • Are there any notable endorsements for Harris?

  
• 

  Kang-hoon

  • Yes, indeed.

  • Besides Chris Larsen, other top businesspeople are endorsing her.

  • Scaramucci himself asserts that these efforts are making progress in the right direction.

• Annie

  • Interesting.

  • How is Trump responding to this?

  
• 

  Kang-hoon

  • Trump has also turned pro-Bitcoin in this crypto-focused election.

  • In fact, the Trump family launched a new crypto project called World Liberty Financial this week.

• Annie

  • Wow, it seems like both candidates are vying for the crypto vote.

  • How are the polls looking?

  
• 

  Kang-hoon

  • According to Polymarket data, Harris is currently leading Trump with 51% odds of winning against Trump's 48%.

  • This is after her recent campaign efforts in swing states.

• Annie

  • That's quite close!

  • Do you think Harris's crypto policies will have a significant impact on the market?

  
• 

  Kang-hoon

  • In the short term, I believe this news could be seen as a negative.

  • The uncertainty around policy changes and the potential for regulatory shifts might create volatility in the market.

  • 
• Annie

  • I see.

  • So, you think it's a bad sign for now?

  
• 

  Kang-hoon

  • Yes, in the short term, the market doesn't react well to uncertainty.

  • Investors might be cautious until there's more clarity on Harris's policies and their implementation.

• Annie

  • Got it.

  • Thanks for the insights, Kang-hoon!🙏

  
• 

  Kang-hoon

  • You're welcome, Annie.

  • Always here to help you understand the market better.

  • Upon comprehensive consideration, this news is perceived as a 😱Bearish.