2024 Crypto Prospects: Trump Could Boost U.S., Harris May Push Firms Abroad

On September 18, during an interview at Token2049, Alex Svanevik, CEO of blockchain analytics firm Nansen, shared his insights on the potential impact of the 2024 U.S. presidential election on the cryptocurrency landscape.

Svanevik suggested that if Donald Trump were to win the presidency, it could be highly beneficial for the U.S. crypto sector. He views Trump as a strong advocate for cryptocurrencies, which could lead to a more favorable environment for digital assets in the U.S.

In contrast, he expressed concerns that Kamala Harris’s presidency might perpetuate the current administration’s less crypto-friendly policies, potentially stifling innovation domestically.

However, Svanevik noted that Harris’s presidency might inadvertently benefit the global crypto community. He posited that U.S.-based crypto companies might relocate overseas if Harris wins, which could foster growth in international crypto markets.

The conversation also touched on Trump’s recent cryptocurrency ventures. Despite his past criticism of digital currencies, Trump’s announcement of the WLFI token through his World Liberty Financial project has sparked mixed reactions within the crypto community.

Some supporters expressed disappointment, suggesting that the token launch might affect their support for Trump.