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.
California is pushing forward a legislative plan that could redefine how the state handles inactive crypto holdings.
Circle, the company behind the USDC stablecoin, has raised more than $1.1 billion in a highly anticipated IPO, outperforming its earlier fundraising targets.
Steve Eisman, the famed investor known for forecasting the 2008 housing collapse, is sounding the alarm—not on overvalued tech stocks or interest rates, but on the escalating risk of global trade disputes.
Kevin Hassett, head of the National Economic Council in Trump’s second term, has revealed a multi-million-dollar investment in crypto exchange Coinbase—prompting concerns over potential conflicts of interest in Washington.