Donald Trump's chances of winning the U.S. presidential election have dropped to 54% in the Polymarket prediction platform from 72% in July.
This drop is due to the growing interest in Kamala Harris as a potential contender, with her chances increasing to 44%.
Harris’s chances have also improved in major polls, such as a Bloomberg survey that found she could win six of the seven swing states.
Despite the decline, Trump remains the preferred candidate in the crypto community due to his vocal support for the industry.
If re-elected, he has promised to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler, end the regulatory war on crypto, ensure that all remaining BTC is mined in the US, and make Bitcoin the country’s reserve asset. However, some of these promises are considered unrealistic.
Harris’s position on cryptocurrencies remains unclear, though some stakeholders consider her unbiased.
Critics warn that her victory could harm the crypto industry, with the Securities and Exchange Commission likely to apply traditional financial regulations to the market under her stewardship.
Vice President Kamala Harris, the Democratic candidate for the upcoming presidential election in November, recently spoke at a Wall Street fundraiser where she addressed the cryptocurrency industry for the first time.
Donors from Wall Street, Silicon Valley, and Hollywood played a key role in helping Vice President Kamala Harris’ fundraising efforts in August, giving Democrats a financial advantage over Donald Trump on the cusp of the run-off election.
Pro-XRP attorney John Deaton, who has secured the Republican nomination for a Massachusetts Senate seat, will face off against Democratic Senator Elizabeth Warren in a highly anticipated debate on October 15, 2024.
Ripple Chairman Chris Larsen has recently moved 20 million XRP as part of a larger shuffle involving 50 million tokens.