While Donald Trump has received considerable backing from the crypto community, Kamala Harris has also garnered endorsements within the industry.
Harris vs. Trump: Crypto Community Divided
The 2024 U.S. presidential election has led to several endorsements within the cryptocurrency space, with executives and entrepreneurs expressing support for both candidates.
Trump, the Republican candidate, has notably attracted more crypto-related endorsements. His shift toward a pro-Bitcoin stance in recent years has drawn backing from several prominent figures in the crypto world. In contrast, Vice President and Democratic candidate Kamala Harris has also gained notable endorsements, despite joining the race later.
Crypto Endorsements Lean Toward Trump
Trump’s early supporters include Jeremy Kauffman, founder of LBRY, who endorsed him in May 2024. His backing from high-profile crypto figures includes Gemini founders Cameron and Tyler Winklevoss, Kraken co-founder Jesse Powell, and ARK Invest’s Cathie Wood, who pledged substantial financial support due to Trump’s pro-crypto position. Other industry leaders like Elon Musk, Charles Hoskinson, and Marc Andreessen have also endorsed Trump, emphasizing his potential benefits for the crypto sector.
Harris Gains Traction Despite Late Start
Kamala Harris has received endorsements from key crypto figures such as Ripple CEO Chris Larsen, who signed a letter of support in early September. Harris’s stance on crypto policy, highlighted in a September 23 announcement, emphasized a balance between industry support and consumer protection. Other supporters include Anthony Scaramucci and Laura Shin, who encouraged Harris to help the crypto industry “flourish.” Notably, billionaire investor Mark Cuban voiced strong support for Harris, expressing concerns about a potential second term for Trump.
Some Choose a Neutral Stance
Some crypto leaders have opted not to endorse either candidate. For instance, Tim Draper has donated to both campaigns, and Coinbase CEO Brian Armstrong believes that a constructive approach toward crypto is likely regardless of the election outcome. Meanwhile, industry voices like Mati Greenspan and Michael Saylor have sparked debate within the community, with Saylor’s recent poll showing 90% support for Trump among 100,000 respondents.
