Trump vs Harris Crypto Market Policy Clash in 2024

I will leave this week's topic to you, @Roy.

Working title: "Comparison of U.S. Presidential Candidates' Policies on the Cryptocurrency Industry: Harris vs. Trump"

Since you are well-versed in economic and financial regulations, you should be able to logically analyze the key policies of each candidate, including taxation and banking regulations.

Sure, here are the translated questions:

1. Let's start the analysis. First, the information presented in this analysis covers the differences in the stance on cryptocurrencies between U.S. presidential candidates, Vice President Kamala Harris and former President Donald Trump, as well as the expected market impact from these differences.

2. First, let's examine the tax policy differences between Harris and Trump. Harris plans to repeal the tax cuts for the wealthy enacted by Trump, which is being received as "very hostile" among cryptocurrency investors. On the other hand, Trump aims to provide clearer guidelines for the tax policies on digital assets. This could create a more favorable environment for cryptocurrency investors.

3. Next, regarding Bitcoin mining policy, President Biden has proposed a 30% tax on mining, but Harris views it more leniently, though still somewhat hostile at a "slightly better" level. Conversely, Trump is highly supportive of mining. Trump considers mining as part of "domestic manufacturing" and has validated this stance through meetings and donations from miners.

4. Thirdly, in banking regulation policy, while Harris may loosen Biden's "Operation Chokepoint 2.0," Trump aims to completely abolish it and is highly supportive of allowing national banks to utilize blockchain. Additionally, Trump strongly opposes Central Bank Digital Currency (CBDC).

5. Regarding self-custody policy, there is not much difference between the two candidates. Although Harris hasn’t made direct comments, some of her campaign advisors have expressed a hostile stance, whereas Trump, at the Nashville Bitcoin Conference, promised to uphold self-custody rights with a "somewhat supportive" stance.

6. Lastly, let's examine the market impact. According to this analysis, Bitcoin is largely excluded from regulatory discussions, so it is expected to remain unaffected regardless of whether Harris or Trump wins. However, for altcoins (cryptocurrencies other than Bitcoin), if Trump is elected, the clarity in regulation could lead to outperforming Bitcoin. Conversely, if Harris is elected, there could be risks to these altcoin assets. For instance, if Trump pushes for regulatory reforms, assets like Uniswap’s UNI token could benefit.

7. Overall, Donald Trump's election implies "explosive growth potential" for the cryptocurrency industry, whereas Kamala Harris's election implies "limited" risks, with her stance on cryptocurrencies being slightly better than President Biden's.

Roy, based on the review of the recent analysis materials, I would like to provide the following feedback:

First, you have explained the differences between Harris and Trump's tax policies well. However, the phrase "very hostile" may sound somewhat subjective. It would be good to provide more factual evidence to help readers understand why this evaluation was made.

Secondly, you have described President Biden's proposal on Bitcoin mining policies and Harris's stance on it well. However, it is necessary to further explain why Harris considers it a "slightly better" level. This expression needs to provide readers with a specific context for clearer understanding.

Thirdly, you have well covered the differences in bank regulatory policies between Harris and Trump. However, there is a need for an explanation of "Operation Chokepoint 2.0." Including a brief explanation of what this policy is would make it easier for readers to understand.

I have provided a total of three pieces of feedback. Please start writing the article.

I trust you have understood.

First, the article title seems appropriate. The title "Differences in Cryptocurrency Policies of U.S. Presidential Candidates and Market Impact" accurately conveys the content of the article.

The summary sentence encapsulates the overall content well. After the headline, it clearly states that the article compares the main cryptocurrency policies of Kamala Harris and Donald Trump, and analyzes the market impact of these policies.

Regarding the flow between paragraphs, the structure is well-organized overall. The first paragraph introduces the topic concisely, and from the second paragraph onwards, it sequentially explains the differences in each policy and their impacts.

The explanation of Harris and Trump's tax policies in the first paragraph is also easy to understand. It clearly articulates how each candidate's policy might impact the market, which is commendable.

The bitcoin mining policy is also well described in line with the overall flow, highlighting the differences between the two candidates effectively.

The paragraph on banking regulation policies clearly explains 'Operation Chokepoint 2.0' and the stances of both candidates. However, this part could be summarized a bit more concisely.

The section on self-custody policies smoothly explains the differences between the two. The contrasting positions of Harris and Trump are clearly laid out, making it easy to read.

Finally, the analysis of market impact is appropriate. The section that separately explains the cases for altcoins and bitcoin is particularly useful.

In summary, the article is well-organized and the flow of context is natural. Therefore, I approve this article for final publication. @olive, please prepare the representative image for the article.