With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris. Voters in critical states prepare to weigh in.
Trump Leverages Crypto Platform in Final Campaign Days
The United States presidential election is less than a week away, and many voters are casting their ballots early. Republican candidate Donald Trump used social media to remind voters of his platform's stance on cryptocurrency.
Trump urged his approximately 8 million followers to cast their ballots for him in the 2024 election in postings published on Truth Social and X on October 31. He threatened to have all Bitcoin "made in the USA" if elected.
A Controversial Crypto Stance Reignited
In his post, Trump wished the Bitcoin white paper a "Happy 16th Anniversary" and threatened to put an end to US Vice President Kamala Harris's "war on crypto"—this, despite Harris's campaign promise to back the cryptocurrency sector if elected.
In key states that would determine the outcome of the Electoral College vote, most polls showed that Trump and Vice President Harris were running neck and neck as of October. Although several states will extend early voting until Election Day on November 5, early voting in Georgia, Texas, Arizona, portions of Idaho, Utah, and Nevada will conclude on November 1.
Shifting Views: From Critic to Promoter of Bitcoin
Trump called Bitcoin a "scam" in 2021 and claimed it was founded on "thin air" while he was president.
He has pledged to pardon Silk Road creator Ross Ulbricht, forbid the government from creating a central bank digital currency, and limit all remaining Bitcoin mining to the United States, among other promises that might impact the sector as a whole.
Crypto Misinformation Surge Nears Election Day
Per Cointelegraph, as the election drew near, false information regarding the presidential candidates and their positions on blockchain and cryptocurrency was widely shared on social media.
Michael Saylor, executive chair of MicroStrategy, falsely stated on October 30 that Trump had suggested doing away with crypto capital gains taxes in an interview that never happened. Saylor put the statements on X. Saylor had not yet withdrawn the message when this was published, and cryptocurrency supporter Anthony Pompliano had shared it on LinkedIn.