Former President Donald Trump has recently demonstrated his affinity for cryptocurrency through his latest transition team appointments. His team now includes notable Bitcoin enthusiasts like Howard Lutnick, the CEO of Cantor Fitzgerald, along with Linda McMahon, co-founder of WWE.
Trump’s transition team, co-chaired by Bitcoin supporter Senator JD Vance, also involves his pro-crypto sons, Eric and Donald Jr. This diverse group epitomizes Trump’s favorable outlook towards cryptocurrency, with its main role being to prepare for the succeeding administration, including generating potential policies and selecting candidates for political appointments.
With Lutnick, a known advocate for Bitcoin and stablecoins, leading the team, cryptocurrency society sees this as a considerable victory. The crypto industry sees the potential for promising new policies if Trump is victorious in the elections.
However, on the other side of the aisle, Vice President Kamala Harris’s view on digital assets remains unspecific. Crypto enthusiasts predict her approach might reflect that of the Biden administration, which has shown adversarial tendencies towards cryptocurrency. Harris is reportedly surrounded by anti-crypto figures like former National Economic Council Director Brian Deese, Bharat Ramamurti, Deputy Director of the National Economic Council, and Brian Nelson, Treasury Undersecretary.
Crypto has undeniably become a significant part of the upcoming election narrative. As the potential future of the industry hangs in the balance between these two teams, the crypto community anticipates clearer policy outlines on digital asset matters from both sides.