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2024 is considered one of the most critical years for Bitcoin (BTC). The asset hit an all-time high back in March and is waiting to reap the benefits of the halving. Amidst this, the community has looked into BTC’s potential rise or fall following the U.S. elections. However, the real question is whether geopolitical events will impact the king coin. Also Read: US Government Spent $1 Trillion in 2024 on National Debt Interest Payments The Impact of U.S. Elections on Bitcoin (BTC) Cryptocurrency’s Role In The U.S. Presidential Campaign Cryptocurrency has played a massive role in the U.S. presidential campaign. Donald Trump’s renewed interest in the industry turned heads. While some accused him of using Bitcoin to impress the industry, others lauded the former President for his pro-crypto stance. Kamala Harris, however, doesn’t seem all that inclined towards Bitcoin. As a result, the upcoming elections in November are considered pertinent for the market. Market’s Prefere...

Earlier in 2024, there was a significant backlash to President Biden’s proposed tax plan, which would see capital gains taxes rise to their highest levels in 100 years, unrealized gains become taxable for some individuals, and corporate taxes see a substantial uptick. Despite the passage of nearly five months and the changing of the Democratic Party candidate from Biden to Vice President Kamala Harris, the debate has not subsided and has, in several ways, only grown more intense. Indeed, Harris historically endorsing measures deemed even more radical than the current President’s and her recent comments on price controls seeing her labeled a ‘communist’ have only stepped up the pressure on the campaign. Picks for you AI predicts Cardano price for ‘Chang Hard Fork’ upgrade 29 mins ago ...

Thousands of crypto traders have apparently been sucked in by yet another fake news report about US presidential candidate Kamala Harris. This time, they thought she endorsed a new tax on unrealized gains that would affect millions of crypto investors. Misreading little more than a headline from news snippet accounts like WallStreetBets or WatcherGuru, incensed readers decried the US presidential candidate supposedly wanting to tax unrealized capital gains at 44.6%. Somehow, they believed, Harris wants to force crypto holders to sell off roughly half of their portfolio and mail the proceeds straight to the IRS. However, exactly like the ‘news’ about Harris from the day prior, this never happened . Crypto runs with fake Kamala Harris-Gary Gensler news Read more: German government told ‘taxes are robbery’ via Bitcoin inscription Fake Kamala Harris news came from a month-old tax plan Harris didn’t endorse any new unrealized gains tax yesterday. Instead, as a way to engageme...

The Washington Reporter said Vice President Kamala Harris is likely to nominate Securities and Exchange Commission (SEC) Chair Gary Gensler for Treasury Secretary if elected, but senior politicians and analysts quickly questioned the reliability of its sources. The Washington Reporter   article cited ”multiple senior Senate staffers,” adding that their comments on Harris’s plan corroborated what top Republicans had also told the publication. But  Custodia Bank CEO Caitlin Long quickly dissed the story in an Aug. 19 post on X, saying that multiple Democrats had contacted her and told her the “rumor is false.”  OK, multiple Dems contacted me to say the “Gensler as Treasury Secretary” rumor is false. One thinks the source of the rumor is Gensler himself — (thinks he planted it just to mess with all of us…that sounds about right TBH)🤷‍♀️ https://t.co/nTRwq1Gafu — Caitlin Long ...