Kamala Harris presidency may push US crypto firms abroad: Nansen CEO
On Sept. 18, Alex Svanevik, the CEO of blockchain analytics platform Nansen, spoke in an interview with Cointelegraph at Token2049 about the 2024 United States presidential election.
Svanevik explained his opinion on the outcome of the elections and the implications for cryptocurrencies’ future in the US and abroad, depending on whether Donald Trump or Kamala Harris becomes president.
“I think, if Trump wins, it seems pretty clear that that’s very bullish for crypto in the US [...] in the sense that he is the most pro-crypto candidate. And on the flipside, I think, if you look at the Democrats and Harris […] it’s basically a relatively hostile environment for crypto.”
Related: Some pro-crypto Trumpers suggest he ‘lost their votes’ after token launch
Harris’ presidency could be bullish for crypto outside the US
Svanevik predicts that Harris’ presidency could continue the current administration’s policies, which some consider less favorable for cryptocurrency development and innovation.
However, the Nansen CEO did explain that Harris’s coming to power could have positive implications for business abroad due to its potential inverse effects on US-based crypto firms.
“If you just think two or three steps ahead, what might happen is that it’s bullish for crypto outside of the US because crypto firms will move from the US.”
Svanevik stated that he’d spoken with founders and CEOs who have said that if Harris wins, “they will move their business.”
Related: Man and machine: Nansen’s analytics slowly labeling worldwide wallets
Trump’s presidency potentially bullish for US crypto
Trump, who has previously launched cryptocurrency projects and expressed pro-crypto sentiments, has been seen as a strong advocate for the sector.
Svanevik predicts that Trump’s victory in the 2024 US elections could be positive for crypto-related business in the US crypto industry.
“...it’s bullish for the US that Trump wins. It’s maybe short-term bearish for everyone if Harris wins [...] if you’re not an American, you support Harris because then you have more crypto business outside of the US.”
It’s important to note that Trump previously stated in 2019 that he was “not a fan of Bitcoin and other Cryptocurrencies,” saying in a post that they are “based on thin air” and “not money.”
Related: Crypto stocks recover from dip as polls say Harris won debate against Trump
Trump support topples after token launch
Within 24 hours of former President Donald Trump announcing plans to launch a WLFI token, the crypto community responded with backlash , with some users suggesting that he had now lost their support.
Trump announced in a Sept. 16 X space that WLFI will be launched through his World Liberty Financial Project but did not provide any information about the project .
While some community members openly slammed Trump for the token launch, others more conservatively suggested that the WLFI project timing was bad and inherently risky.
Magazine: Proposed change could save Ethereum from L2 ‘roadmap to hell’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Last Shot to Flip $2K into $72K with Troller Cat – The Best New Meme Coin to Invest in Now as Shiba Inu and Dogwifhat Fight Bears
Shiba Inu trends, Dogwifhat gains traction, but Troller Cat's live presale is turning heads—positioning it among the Best New Meme Coins to Invest in Now.Last Hours of Stage 6: Join Presale Before Troller Cat’s Valuation SurgesDogwifhat Slides 5% to $0.00305 as Trading Volume and Momentum Cool OffShiba Inu Dips 7.35% to $0.00001336 as Market Cap Shrinks but Volume Jumps 43%Conclusion: Only One Presale is Offering Life-Changing ROI Potential Right Now

2025’s Top Cryptos to Invest in Right Now: Qubetics’ Secure Ecosystem, Tron’s Lending Leap, and Stellar’s Cross-Border AI Push
Explore why Qubetics, Tron, and Stellar are making headlines in 2025. Learn what makes them the top cryptos to invest in right now.Qubetics ($TICS) — Solving Real-World Blockchain Gaps with PrecisionTron (TRX) — Cementing Its Role in the Stablecoin EconomyStellar (XLM) — Revamping Cross-Border Payments with AI AssistanceConclusion

Capturing Whale Attention: 69% APY Makes Troller Cat One of the Best 100x Cryptos as Brett Slows and Keyboard Cat Stir
Discover the best 100x crypto opportunities as Troller Cat surges in presale, while Brett stumbles and Keyboard Cat gains momentum.Troller Cat ($TCAT): The Best 100x Crypto Presale Opportunity Right NowBrett ($BRETT): A Strong Start, but Signs of SlowdownKeyboard Cat ($KEYCAT): The Nostalgia Play Gaining Quiet MomentumConclusion

Pi Network Launches FruityPi and Targets Engagement with Real-World Cryptocurrency Usage
Trending news
MoreCrypto prices
More








