TechFlow news, October 15 — According to Decrypt, Galaxy Research released a policy scorecard evaluating U.S. presidential candidates' attitudes toward cryptocurrency. The report indicates that former President Donald Trump holds the most favorable stance on cryptocurrency and blockchain regulation, while Vice President Kamala Harris may be more supportive than current President Joe Biden. Alex Thorn, head of Galaxy Research, stated, "While Trump is undoubtedly more favorable toward the industry, we are optimistic that Harris could be more crypto-supportive than Biden." The analysis is based on public statements, campaign intelligence, and public and private signals.
Trump's position on cryptocurrency primarily emphasizes deregulation and encouraging innovation, including a pledge to replace current SEC Chair Gary Gensler. He has also strongly supported Bitcoin mining and launched a decentralized finance project called World Liberty Financial. Harris has recently shown clear support for cryptocurrency during her campaign, promising to introduce a regulatory framework for U.S. crypto holders and vowing to maintain American leadership in emerging technologies like blockchain. In contrast, the Biden administration has faced criticism for its aggressive regulatory enforcement, particularly regarding the Treasury Department’s expansion of the Bank Secrecy Act and sanctions against blockchain companies.
