With only four days left until the US election, things are heating up on the campaign trail — and in the cryptocurrency market. The most recent polls show Donald Trump and Kamala Harris nearly neck-and-neck. This uncertainty has fuelled speculation, especially in prediction markets like the blockchain-based PolyMarket.
Leading the charge in the election-boosted crypto market are Politifi meme coins. These tokens fuse cryptocurrency, memes, and politics to create tokens that capture the zeitgeist of the current political climate.
One Poltifi token, FreeDum Fighters ($DUM), is turning heads as its presale raises over $350k. $DUM offers a gamified staking mechanism that allows traders to bet on their preferred candidate and earn rewards in turn.
No Clear Winner in Sight
Already over 57.5 million people have voted, which could mean a historic turnout. With Republicans pushing for early voters, this could be a good sign for them. However, Democrats have traditionally been more represented in mail-in ballots and the race is too close to call.
Some have dubbed this election the “crypto election” as both candidates have repeatedly discussed their stance on crypto, possibly to win over the young male vote. Additionally, nearly half of all corporate contributions to the federal election campaigns have come from crypto backers. The pressure is clearly on.
So, what will a win for each candidate look like in crypto?
What Will the US Election Mean for Crypto?
Kamala Harris has promised to be more crypto-friendly than her current boss. Biden has shown a clear resistance to creating a supportive framework for crypto in the US. This has left the States poorly lacking compared to economic unions like the EU which have MiCA regulations in place.
As part of her “Opportunity Agenda for Black Men” — which had a mixed reception — she alluded to a regulatory framework. She has previously also expressed that under her leadership, the US wil
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Author: Felix Mollen
