US Elections 2024: Trump and Haley’s Crypto Policies in Focus as Former Leads GOP Race

As the New Hampshire primary approaches, Donald Trump and Nikki Haley are intensifying their campaign efforts after Ron DeSantis’s exit from the presidential race before the start of this week.

Recent polls display a clear lead for Trump in the Republican race. NBC News, the Boston Globe, and Suffolk University’s Sunday poll show Trump with a significant advantage. He holds 55% support compared to Haley’s 36%.

On Monday, a Washington Post-Monmouth University poll reported that 52% of potential primary voters favor Trump, while Haley garners 34% support.

Trump’s NFTs had record gains

What is worth noting is Trump’s active engagement in the digital asset market. He ventured into Non-Fungible Tokens (NFTs), with his latest debut set to launch on Bitcoin Ordinals. Reports from December reveal Trump’s NFT royalties amassed over $4 million. Arkham research noted that Trump began converting his Ethereum holdings to cash, selling approximately 1,075 ETH for $2.4 million after a period of accumulation.

In terms of policy, Trump has opposed the creation of a U.S. central bank digital currency (CBDC), aligning with several Republicans who view Biden’s proposed Fed digital dollar as a surveillance tool. This stance is reflected in DoTheySupportIt’s ‘B Supportive’ grade, indicating a positive but not fully committed stance towards cryptocurrency.

On the other side, Nikki Haley’s position on cryptocurrency remains largely unclear.

Haley’s stance is unclear

Haley’s silence on crypto makes it hard to gauge her stance. There is an absence of a clear position on cryptocurrency, making it challenging to predict her impact on the crypto sector.

As for the general election outlook, Dogecoin co-founder Billy Markus commented on the current political scenario, hinting at potential challenges for the Democratic Party.

He stated, “If the current polling is correct biden is gonna get completely wrecked and if the democrats want to win they need to pick someone else…if they don’t win they did it to themselves”

I talk to Biden voters skeptical that Joe will lose to Trump in November. Biden had approval ratings in the 50%+ range going into the 2020 race and edged out Trump by only 43,000 swing voters in Arizona, Wisconsin and Georgia. Now his approval is more than 12 points lower. pic.twitter.com/SYzVpbnhMW

— Andrew Yang🧢⬆️🇺🇸 (@AndrewYang) January 21, 2024

The presidential race is heating up, and cryptocurrency policies are becoming a point of discussion. Therefore, the candidates’ stances could play a big role in shaping the future of digital currencies in the U.S.

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Shraddha's professional journey spans over five years, during which she worked as a financial journalist, covering business, markets, and cryptocurrencies. As a reporter, she has placed particular emphasis to learn about the market interaction with emerging technologies.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.