Trump vs. Harris on encryption policy

U.S. presidential candidate Kamala Harris is friendlier to cryptocurrencies than current President Joe Biden, but not as much as rival Donald Trump, according to Cointelegraph. Harris has promised to improve the regulatory environment for crypto businesses in the U.S., but has taken an unfavorable stance on issues such as taxes, Bitcoin mining, and self-hosting.

Trump has said he wants to make the U.S. the “crypto capital of the world” and has promised to fire current SEC Chairman Gary Gensler. Harris, on the other hand, has made a push for emerging technologies such as blockchain technology and may take a more moderate regulatory stance.

Harris plans to undo Trump's tax cuts, which could lead to higher capital gains taxes for crypto holders. Trump supports Bitcoin mining and promises to protect self-hosted rights. Both candidates are tough on foreign crypto trading sanctions, limiting support for decentralized finance (DeFi) agreements.