Trump's approval rating plummets! With Harris taking office, will the currency world usher in its “darkest moment”?

The prospects for the 2024 U.S. presidential election are becoming increasingly complex. Recent polls show that Trump's approval rating has declined significantly, while Harris's approval rating has steadily increased, and she seems to be one step closer to the White House. For investors in the cryptocurrency market, this change in the political landscape could have significant ramifications.

1. Behind Trump’s plummeting approval rating: Why is the market so worried?

1.1 Impact of Trump’s policies

Trump’s attitude toward the cryptocurrency market has been ambiguous during his time in office, but he has generally adopted a looser regulatory policy. This environment has allowed cryptocurrencies to flourish in the United States, attracting an influx of investors.

1.2 Harris’ regulatory stance

In contrast, Harris, as a member of the Democratic Party, has a more cautious and conservative attitude towards the regulation of cryptocurrency. She has repeatedly expressed support for increased regulation of the crypto market to protect investors and combat illegal activities. This policy tendency has triggered widespread concerns in the market, especially for investors who rely on a relatively loose regulatory environment, who may expect Harris's taking office to have a negative impact on the market.

2. If Harris is elected, what challenges will the encryption market face?

2.1 The impact of strengthened supervision

If Harris is elected, she will likely push for stricter cryptocurrency regulations. This includes strengthening KYC (know your customer) and AML (anti-money laundering) policies, as well as implementing stricter regulations on decentralized finance (DeFi) platforms.

2.2 Changes in tax policies

The Democratic Party has always advocated higher taxes, especially higher tax rates on high-net-worth individuals and capital gains. If Harris is elected, she may push for adjustments to relevant tax policies. This is a double-edged sword for the cryptocurrency market

If Harris succeeds in being elected President of the United States, the cryptocurrency market may face serious challenges. From the perspective of a contrarian investor, this change may bring about huge investment opportunities! ! #美国CPI数据连续第4个月回落 #哈里斯与比特币 #特朗普 #WBTC