- The US election race heats up.
- BlackRock’s CEO is bullish on crypto regardless of who wins.
- Kamala Harris’ latest policy announcement draws confusion.
With the US election just weeks away, both candidates are ramping up efforts to win over the crypto electorate. Donald Trump has made waves thanks to efforts such as delivering the keynote at Bitcoin 2024 in Nashville, while Kamala Harris gained momentum with backing from the “Harris for Crypto” advocacy group.
Amid the uncertainty over which candidate might better support the industry, BlackRock CEO Larry Fink remains confident. He believes that regardless of the election outcome, the future of digital assets looks promising.
BlackRock’s CEO Doesn’t Care Who Wins
During BlackRock’s recent Q3 earnings call, Fink was asked which presidential candidate would best support the crypto industry. Fink’s response was clear: “I’m not sure either president or other candidate would make a difference.”
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Fink elaborated, stating that the future of crypto doesn’t depend on specific regulations from any administration. Instead, he emphasized the need for “more acceptability, transparency, and analytics” to drive the industry forward, which BlackRock is actively working on, alongside “conversations we’re having with institutions worldwide.”
With the advent of better analytics and data, Fink believes liquidity and transparency will follow naturally, broadening the crypto market without the need for political input.
Harris’ Policy Plan Stokes Confusion
Despite Fink’s neutral stance on which candidate would best support crypto, Harris continued courting crypto and minority voters with her latest policy plan, actively appealing to black men.
Tiana Lowe Doescher, columnist for the Washington Examiner, summarized the plan as offering loans and training black men to become teachers, decriminalizing recreational marijuana use while developing a “supportive regulatory framework for cryptocurrency” to protect black male investors.
However, trader “CryptoHotep.base.eth,” who identified himself as a black man, dismissed the policy as “ridiculous pandering,” stating that minorities face no barriers in crypto.
Similarly, YouTuber “CTO Larsson” argued that crypto is already the only inclusive financial system, suggesting there’s no need for legislation focused on crypto equality for black men.
On the Flipside
- Trump has opened up a 12% lead over Harris, according to Polymarket bettors.
- Younger individuals have voting apathy, with the 18-29 age group having the lowest voter turnout rate.
- Trump-backed World Liberty Finance releases its token on October 15.
Why This Matters
Fink’s election-agnostic stance reveals crypto’s true catalysts are innovation, transparency, and institutional acceptance, not political promises.
BlackRock further develops the regulatory-approved Bitcoin derivatives market.
BlackRock Bitcoin ETF Gets SEC OK for Options – What’s Next?
Rumors swirl that Google is suppressing Bitcoin.
Why Has Bitcoin’s Price Box Disappeared from Google?
