‘Trump is the right choice’ if you care about crypto

CryptoQuant CEO Ki Young Ju claims that Republican presidential candidate Donald Trump is the “right choice” for the growth of the crypto ecosystem.

Young Ju pointed out Trump’s latest web3 project, World Liberty Financial, and his influential speech at the Bitcoin 2024 conference.

https://twitter.com/ki_young_ju/status/1844301808002531524

According to a recent crypto.news report, WLF has submitted a proposal to launch the Aave v3 instance to provide stablecoin liquidity for Ethereum (ETH) and Wrapped Bitcoin (WBTC). This could potentially increase the user base of the decentralized finance protocol.

“HE [Trump] I am now a Web3 founder. Whatever the outcome, it is much better than Harris, who has shown no interest in crypto.”

Young Ju wrote.

CryptoQuant CEO faced criticism after sharing pro-Trump post on X. One user called the Republican candidate a “con artist” and added that Trump “had many opportunities to promote crypto in his previous term.”

Harris, meanwhile, claimed in her only public statement about the industry that she was “building an economy of opportunity” for crypto and AI. Young Ju says the “lack of regulation” in Harris’ presidency “could cause another crisis.”

Notably, neither Trump nor Harris mentioned anything about cryptocurrencies and DeFi in their debate on September 10.

Trump’s recent speech alongside Tesla’s billionaire CEO Elon Musk in Butler, Pennsylvania, provided further support for the Republican candidate, expanding his lead on market forecasting platform Polymarket.

According to data provided by Polymarket, Trump’s chances of winning the US presidential race are currently 54.4%, 9.4% better than Harris’ 45%.

Bets on the next US president – ​​October 10 | Source: Polimarket

The total amount of bets on the outcome of the US elections in November exceeded $1.6 billion; Trump topped the list with $425 million.