At the moment, Kamala Harris continues to lead in preliminary polls on the future choice of voters, but her lead is minimal. A similar situation is seen on decentralised platform Polymarket, which allows you to bet on a certain future event in cryptocurrency.

Today, Harris’ chances of winning are estimated at 52 per cent. At the same time, Trump’s figure is 47 per cent.

Actual odds of victory of candidates for the US presidential election on the Polymarket platform

Accordingly, traders consider it is the success of the current Vice President that is more likely. This is despite the fact that Harris predominantly avoids press conferences, and her initial comments on economic policy turned out to be a failure.

Who will win the US presidential election?

In an interview with Cointelegraph at the Token2049 event in Singapore, Svanjevik shared his stance on the potential outcome of the election. Here’s his perspective.

I think if Trump wins, it will be very favourable for cryptocurrencies in the US in the sense that he is the most industry-loyal candidate. And on the other hand, if you look at the Democrats and Harris, it’s basically a relatively hostile environment for cryptocurrencies.


Donald Trump does regularly speak out in favour of the coin industry. For example, in late August, the politician promised to turn the US into the cryptocurrency capital of the world if he wins. Earlier, he emphasised the importance of creating an adequate regulatory framework for the coin market and said that he would stop selling confiscated coins that are now in the wallets of the US government.


Alex Svanewick, head of Nansen’s analytics platform, said

Svanevik predicted that a Harris presidency could continue the policies of the current Biden administration, which is generally considered less favourable to cryptocurrency development and innovation.

However, the Nansen CEO also explained that Kamala’s rise to power is also in a position to turn out to have positive consequences for businesses abroad due to its potential backlash against US-based cryptocurrency companies. Here’s his comment.

If you think two or three steps ahead, it could be that it will be favourable for crypto outside the US because companies will just leave the country.

Former US President Donald Trump

Alex said he has spoken to founders and CEOs of companies. Some of them said that if Harris wins, they will move their businesses.

Trump, who has previously launched crypto projects and expressed openly loyal sentiments towards crypto, is considered a strong supporter of the sector. Svanevik believes that Trump’s victory in the US presidential election in 2024 could have a positive impact on crypto businesses in America.

Trump’s victory is bullish for the US. If Harris wins, it could be a short-term bearish risk for everyone. If you’re not American, you support Harris because then you’ll have more crypto business outside of the US.


Note that not all American crypto entrepreneurs support Trump. In early September, it was revealed that a letter supporting Kamala Harris in the election was backed by 88 different corporate leaders, including Ripple executive chairman Chris Larsen. The company in question is the issuer of the XRP cryptocurrency.

That being said, many participants in the coin sphere do oppose Harris' victory. It is believed that she will continue the Biden administration's policy on the digital asset market. And she is remembered for regular lawsuits against companies by regulators, large fines and attempts to create other problems.


US Vice President Kamala Harris

In 2024, Donald Trump actually changed his initial negative attitude towards cryptocurrencies and started to take a more loyal stance. He had previously criticised Bitcoin and other digital assets, calling them a fraud and a threat to the US dollar.

However, at the time of such statements, Trump was in the position of the US president, who has to take care of the dollar one way or another. Therefore, such a position in his position seemed more than obvious, because in essence the politician could not say anything else.

Now, ahead of the election, Trump has adapted his rhetoric, recognising the importance of blockchain and cryptocurrency innovation as part of a growing global economy. His stance has shifted towards regulating the crypto industry to protect investors, but without excessive restrictions that could slow the technology’s development.

Donald Trump’s digital cards

On the campaign trail, Trump also emphasised the importance of keeping the US competitive amid a global race for leadership in blockchain. He proposed the development of policies that would help attract cryptocurrency companies to the country for the sake of creating jobs and strengthening the economy.

Accordingly, Donald’s support for cryptocurrencies in 2024 has manifested itself as a more measured and pragmatic strategy focused on innovation and economic growth.


So far, everything hints that Kamala Harris's possible victory in the US presidential election will be bad for the coin niche. Although she still hasn't commented on her own attitude towards the crypto sphere, the politician may take the same approach to coins as current President Joe Biden along with his administration. Plus, it was previously reported that Harris is considering SEC Chairman Gary Gensler for Treasury Secretary. And he clearly doesn't like digital assets and is trying to fight them.