Here’s What Kevin O’Leary Says a Harris Presidency Could Mean for Cryptocurrencies

From Nasdaq

September 19, 2024 3:18:16 pm:

Cryptocurrency investors are wary of a potential Kamala Harris presidency, as U.S. crypto shares fell post-debate. Trump’s proposed elimination of income taxes raises concerns for the economy. Shark Tank’s Kevin O’Leary remains unconcerned, citing bipartisan crypto policy development regardless of the election outcome.

Despite Trump being labeled as “pro crypto,” Harris presents a blank slate on crypto regulation. Democrats are perceived as more willing to enact crypto policies, with Senate Majority Leader Schumer aiming to pass regulation by year’s end. Regulation is deemed inevitable due to industry volatility and legal issues.

While Harris has not disclosed specific crypto policies, her team reached out to Mark Cuban for insight on digital assets. O’Leary praises this move and anticipates more transparency. GOBankingRates maintains nonpartisanship, covering all economic angles in politically charged finance news. Future regulations may affect the cryptocurrency industry.

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