The Game Between the US Election and the Cryptocurrency Digital Asset Industry

As the day of the U.S. presidential election approaches, the encryption digital asset industry is closely monitoring this significant event. In this election, crypto assets have become an important issue with clear differences among candidates, and are also one of the focal points of ongoing controversy.

Positions of the Two Candidates

Trump has shown clear support for the encryption digital asset industry. He has proposed several noteworthy policy suggestions:

1. Establish a national Bitcoin reserve
2. Establish a digital asset advisory committee
3. Oppose the Federal Reserve's creation of central bank digital currency
4. Create an encryption platform named World Liberty Financial

It is worth noting that Trump's attitude has undergone a significant shift in recent years. Three years ago, he was skeptical about digital assets, but since August 2024, he has repositioned himself as a staunch supporter of digital asset.

In contrast, Harris's position on encryption digital assets is relatively vague. As the current Vice President, her administration has taken a strict regulatory stance toward the industry. However, recent reports suggest that Harris may adopt a more open approach than the current administration. During a fundraising event, she mentioned for the first time plans to "encourage innovative technologies such as artificial intelligence and digital assets."

Political Participation in the Encryption Industry

The encryption digital asset industry has become one of the major corporate donors in the 2024 U.S. presidential election. According to reports, the scale of political donations from this industry accounts for nearly half of all corporate political donations in 2024. This reflects the industry's strong desire to influence future policies through elections.

A survey targeting American voters shows:

• 53% of voters are familiar with digital assets
• 80% believe that regulatory agencies play an important role in managing emerging technologies.
• 40% indicates that there is more focus this year on candidates' positions on digital assets.
• Two-thirds of voters will consider candidates' positions on digital assets before voting.

Voices of Opposition and Controversy

Although the influence of the encryption industry on the political stage seems to be increasing, opposing voices still exist. Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, publicly criticized the digital asset industry for being "filled with fraudsters and speculators," and pointed out that this could undermine ordinary investors' trust in the capital markets.

Recently, social event prediction betting sites have shown a sudden rise in Trump's approval ratings, raising concerns among some experts. They believe this may be the result of a few encryption digital asset industry speculators trying to boost Trump's popularity.

Long-term thinking

Ethereum founder Vitalik Buterin has put forward thoughtful views on how to regard the relationship between encryption digital assets and politics. He suggested that people should not choose whom to support solely based on politicians' attitudes towards encryption, but should focus on their long-term vision and values.

Buterin emphasized that it is important to understand the true motivations of politicians who support digital assets and their overall views on 21st-century technology, politics, and economic development. He warned that choosing political allegiance solely based on "support for encryption" could carry high risks and may even contradict the original intentions and values of entering the digital asset space.

Finally, Buterin pointed out that the future of digital assets should be related to "decentralization," and not just limited to digital assets and blockchain. What we need is not only support for "encryption," but more importantly, support for those deeper goals.

As the date of the U.S. presidential election on November 5, 2024 approaches, the competition between the candidates of the two parties is becoming increasingly intense. Regardless of the outcome, the future development of the encryption digital asset industry will remain an important topic worthy of continued attention.