- Nicole Shanahan revealed they are considering dropping out of the race and forming an alliance with Donald Trump.
- Robert F. Kennedy Jr. and Donald Trump have both strongly advocated for Bitcoin and digital asset policies.
- Kamala Harris may appoint SEC Chair Gary Gensler as Treasury Secretary if elected, raising concerns in the crypto community.
Robert F. Kennedy Jr.’s running mate, Nicole Shanahan, recently sparked discussions regarding a potential shift in their political strategy. Speaking candidly, Shanahan mentioned that they are evaluating their options in the 2024 election. Notably, one option is to remain in the race with the intent of forming a new party.
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However, this could split the conservative vote, possibly paving the way for a Kamala Harris and Waltz presidency. Shanahan also raised the possibility of dropping out and joining forces with former President Donald Trump, a decision that is not being taken lightly.
Kennedy and Trump’s Shared Bitcoin Advocacy
Both Kennedy and Trump have advocated for Bitcoin. Robert F. Kennedy Jr., who spoke at the Bitcoin Conference in Nashville, has emphasized the potential of a world operating on a Bitcoin standard.
He highlighted that a stable monetary system could lead to prosperity, arguing that Bitcoin could play a key role in that transformation. His plan to create a strategic Bitcoin reserve to match the U.S.’s gold reserves aims to position the country as a global leader in cryptocurrency.
Meanwhile, Donald Trump also showcased a change in his stance on digital assets during the same conference. He unveiled a comprehensive policy plan that includes establishing a “Bitcoin and crypto advisory council.”
This council would foster dialogue between the government and the cryptocurrency industry, reflecting Trump’s outlook on digital assets. He also announced his intention to dismiss SEC Chair Gary Gensler if re-elected, a move welcomed by the crypto community.
Concerns Over Kamala Harris and the SEC
A potential Kamala Harris presidency is raising concerns. There is speculation that Harris might appoint current SEC Chair Gary Gensler as Treasury Secretary if she wins the 2024 election.
Gensler’s strict regulatory stance has been a point of contention among crypto advocates. Additionally, Harris’s campaign has been reaching out to major firms in the crypto industry, a shift in the Democratic Party’s approach toward digital assets.
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