Former U.S. President Donald Trump Marks Bitcoin’s Anniversary, Slams Kamala Harris

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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November 1, 2024 13:01 EDT

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Republican nominee Donald Trump took to social media on October 31 to celebrate Bitcoin’s 16th anniversary, using the moment to criticize his election opponent, Vice President Kamala Harris, as the 2024 U.S. presidential race intensifies.

Donald Trump Celebrates Bitcoin’s Anniversary, Criticizes Kamala Harris on Crypto

“I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” Trump posted. “We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP!”

Trump’s comments on Bitcoin come as the cryptocurrency experienced a brief dip into the high $68,000s before rising back above $70,000, reflecting a positive response to recent U.S. jobs data.

The report showed lower-than-expected job growth, which strengthened market expectations for additional rate cuts from the Federal Reserve.

This softer economic outlook, coupled with steady consumer data, supports a favorable environment for risk assets like Bitcoin.

As the year progresses, these macroeconomic conditions may continue to support Bitcoin’s price stability and potential for further gains.

The U.S. Presidential Election Race Comes To A Close

Trump has taken a strong stance on blockchain and digital assets throughout his campaign, even pledging to fire current Securities and Exchange Commission (SEC) Chair Gary Gensler if elected.

He has openly criticized the SEC’s regulation-by-enforcement approach to digital assets, advocating instead for a more supportive regulatory environment.

“If, for some reason, bad things happen and we don’t win the election, those who are free as a bird right now in the crypto world could face scrutiny the day after the election if they win,” Trump told listeners at the September 2024 launch of his family’s crypto platform, World Liberty Financial.

Harris, on the other hand, pledged to support innovative technologies like AI and digital assets, with a focus on protecting consumers and investors.

Her proposed economic plan, alongside running mate Minnesota Governor Tim Walz, emphasizes creating fair digital asset regulations and engaging with Black male voters, a key electorate that could swing the election.

“She will make sure owners of and investors in digital assets benefit from a regulatory framework,” reads a recent agenda from the Harris campaign. “This ensures that Black men and others who participate in this market are protected.”

As national polls show a tight race between Trump and Harris, the outcome of the election may shape the future of U.S. digital asset regulations.