Republican

Donald Trump

CRYPTO

More crypto parallels between a potential Donald Trump and Kamala Harris administration emerged after assessing their advisors. 
Republican presidential candidate Donald Trump <a href="https://thehill.com/homenews/campaign/4830976-trump-transition-team-announced/" target="_blank" rel="">named</a> several pro-crypto figures to his transition team ahead of a possible second White House term. While it’s procedural to name key staff members ahead of an election, Trump’s pro-crypto team may have bolstered his appeal to the community. 
Trump announced that Cantor Fitzgerald CEO Howard Lutnick and America First Policy Institute chair Linda McMahon would be team co-chairs.&nbsp; 
Lutnick is a public Bitcoin supporter and spoke at the Bitcoin 2024 conference in Nashville, where Trump said he would&nbsp;<a href="https://crypto.news/trump-bitcoin-2024-keynote-bitcoin-reserve/" target="_blank" rel="noreferrer noopener">create</a>&nbsp;a strategic BTC reserve. Also, Cantor Fitzgerald has been Tether’s (<a href="https://crypto.news/price/tether/" target="_blank" rel="noreferrer noopener">USDT</a>) custodian since 2021 and&nbsp;<a href="https://crypto.news/cantor-fitzgerald-ceo-confirms-tethers-legitimate-86b-assets/" target="_blank" rel="noreferrer noopener">confirmed</a>&nbsp;the firm’s multi-billion balance sheet. In April, shortly before Cantor Fitzgerald&nbsp;<a href="https://crypto.news/cantor-fitzgerald-ceo-unveils-2b-bitcoin-financing-initiative/" target="_blank" rel="noreferrer noopener">unveiled</a>&nbsp;a $2 billion Bitcoin funding initiative, Lutnick also&nbsp;<a href="https://crypto.news/cantor-fitzgerald-stablecoins-tokenization/" target="_blank" rel="noreferrer noopener">advocated</a>&nbsp;for stablecoins and asset tokenization. 
Republican vice president candidate J.D. Vance will serve as an honorary chair. Vance, who tabled pro-crypto policies in the U.S. Senate, was also the first person on a presidential ticket to own Bitcoin. 
Donald Trump Jr and Eric Trump are also part of the fray. Both Trump’s sons are working on a crypto project. DTJ has already <a href="https://crypto.news/eric-trump-teases-digital-real-estate-venture-amid-crypto-rumors/" target="_blank" rel="noreferrer noopener">opened</a> an official Telegram called “The Defiant Ones” to share verified info on the matter. The move aimed to curb scammers leveraging buzz around Trump’s crypto initiative to defraud investors. 
 You might also like: <a href="https://crypto.news/a-trump-administration-could-be-the-turning-point-for-crypto-expert/"> A Trump administration could be the turning point for crypto: expert </a> 
<h2 class="wp-block-heading" id="harris-advisors">Harris’ advisors</h2> 
Across the aisle, Democratic candidate and current Vice President Kamala Harris onboarded anti-crypto advisors from president Joe Biden’s administration. According to Bloomberg, Harris is tapping figures like Brian Deese, Bharat Ramamurti, and deputy Treasury Secretary Wally Adeyemo. 
Deese is the believed architect of Operation Choke Point 2.0, a <a href="https://crypto.news/in-2023-the-us-government-tried-to-kill-crypto-opinion/" target="_blank" rel="noreferrer noopener">plan</a> to de-bank crypto businesses and bulwark digital assets from traditional financial systems. Adeyemo has been crucial to the Treasury’s crackdown on crypto mixers and made legislative requests for stringent policies on blockchain activity in America. 
As the industry speculated on advisors and likely appointees, Harris’ radio silence on crypto policies was arguably the chief concern espoused by digital asset proponents. 
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 NEW EVIDENCE THAT <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw" target="_blank" rel="">@KamalaHarris</a> WILL CONTINUE CRYPTO CRACKDOWN her advisor choices suggest she will keep biden’s hostile attitude to crypto harris is working w/ brian deese &amp; bharat ramamurti, 2 key anti-crypto officials from biden admin.. thread 🧵 <a href="https://t.co/1cMX4UtXXY" target="_blank" rel="">pic.twitter.com/1cMX4UtXXY</a>— Alex Thorn (@intangiblecoins) <a href="https://twitter.com/intangiblecoins/status/1823338570104352884?ref_src=twsrc%5Etfw" target="_blank" rel="">August 13, 2024</a>
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 Read more: <a href="https://crypto.news/continuing-the-barack-obama-tradition-what-is-choke-point-2-0/"> Continuing the Barack Obama tradition: What is Choke Point 2.0? </a>

Donald Trump announces pro-crypto transition team

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