Experts are already assessing how the US elections, to be held on Tuesday, November 5, will affect the price of bitcoin. The vastly different policy proposals of Donald Trump and Kamala Harris present two completely opposite scenarios for the cryptocurrency market.
Joaquim Matinero,, counsel for Blockchain, digital assets, and Web3, comments in Expansión (for subscribers only) that, "after the SEC (US Securities and Exchange Commission), with a few exceptions such as ETFs, has taken a direct hit against the crypto industry, with platforms, crypto assets, and NFTs among its many victims, we will have to wait and see the results of the elections to see if there is a change in trend or not."
In the event that Democratic candidate Kamala Harris wins the US elections, our cryptocurrency expert notes: “The Democratic Party's position, with Kamala Harris as its leading exponent, has not established any change in its current policy, where the SEC is really cracking down on crypto assets, as well as regulated service providers, who have suffered firsthand from the regulator's actions.”
In the event that Republican candidate Donald Trump wins, our lawyer adds: “It is anticipated that Trump's potential victory could raise the price of bitcoin, as he has shown some interest in cryptocurrency in recent months by accepting crypto donations and attending events relevant to the crypto asset industry.”
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