Crypto companies have contributed to Harris’ presidential campaign despite Democrats’ anti-crypto moves in recent years. For example, Ripple co-founder Chris Larsen donated $1 million in XRP to a Super PAC called Future Forward PAC, marking one of the first major crypto contributions to Harris’ campaign.
Future Forward PAC also accepts crypto donations through Coinbase Commerce, which converts contributions to stablecoins like USDC to minimize volatility.
In the run-up to the 2024 elections, the cryptocurrency industry could benefit significantly, with Harris and Donald Trump adopt pro-crypto rhetoric. Trump’s campaign has moved toward a more favorable stance toward digital assets, positioning him as a champion of ending the “crackdown” on the crypto industry.
As a result, crypto companies see potential gains regardless of which candidate wins, with both parties promising policies that could create a more favorable climate for cryptocurrency growth in the United States.
Bitcoin Nears Bull Flag Breakout
The Bitcoin weekly chart shows a bull flag pattern, a bullish continuation signal.
After a strong rally in 2024, Bitcoin entered a consolidation phase, forming this descending structure between two parallel trendlines, confirming a bull flag. The pattern usually resolves when price breaks above the upper trendline and rises as much as the height of the previous uptrend, called the flagpole.
