Live Countdown to US Elections 2024: What’s at stake for crypto

This live blog is being actively updated with the latest updates from the US Elections 2024.

Trump, Harris make final push across battleground states

In the final hours before Election Day, Democrat Kamala Harris and Republican Donald Trump wrapped up months of campaigning with last-minute rallies and events across swing states. 

Harris spent Nov. 4 in Pennsylvania, kicking off her day in Scranton before delivering remarks in Allentown. She also attended rallies and concerts in Pittsburgh and Philadelphia with celebrities. 

Trump focused his final push on three battleground states, making stops in Raleigh, North Carolina; Reading and Pittsburgh, in Pennsylvania; and Grand Rapids, Michigan. After his last rally, the candidate is expected to return to Palm Beach, Florida, with plans to cast his vote in person in the morning and hold an election-night dinner for top supporters. 

Source: X

Bitcoin price volatility expected ahead of US elections

Bitcoin’s price saw a sharp 8% correction between Oct. 29 and Nov. 3, briefly dipping to $67,446 over the weekend. Although the higher time frame (HTF) market structure remains bullish, traders are anticipating increased volatility as the US presidential election approaches on Nov. 5.

Bitcoin 1-day chart. Source: TradingView

Related: Crypto funds see $2.2B inflows amid US election hype — CoinShares

Election Officials warn of possible delays on Election Day

Voters heading to the polls on Nov. 5 should be prepared for possible hiccups, state election officials warned.

According to a joint statement from the National Association of State Election Directors (NASED) and the National Association of Secretaries of State (NASS), Americans could face late-opening polling sites, lines during peak hours, and potential power outages.

Officials also noted that election night results are preliminary, as official counts will include all ballots — those cast in person, by mail, and by military and overseas voters — in the days and weeks following. Close races may require recounts or audits to confirm accuracy, urging the public to be patient.

Source: Pixabay

ICYMI: Donald Trump vs. Kamala Harris on crypto regulations

Crypto regulation has emerged as a key issue in the 2024 US elections, prompting presidential candidates to share their views on digital assets. 

Donald Trump, once skeptical of crypto, now positions himself as a strong advocate . He has voiced support for making the US the “crypto capital of the planet” while criticizing the prospect of a central bank digital currency (CBDC). His campaign has even accepted crypto donations, signaling alignment with pro-crypto voters.

On the other hand, Kamala Harris finally broke her silence on crypto during a Wall Street fundraiser in September, marking her first public statement about the industry. She promised a “safe business environment with consistent and transparent rules of the road” for emerging tech industries such as artificial intelligence and digital assets.  

Since her nomination, her advisers have approached major crypto companies to discuss industry-friendly rules, indicating a willingness to engage with crypto leaders.

While Congress will play a crucial role in shaping regulatory clarity for digital assets, the White House is expected to set the tone for how federal agencies approach the industry.

Find out more about Trump’s and Harris’s views on crypto regulation

Related: Stablecoins and the dollar: Allies or adversaries in the new financial era?

Crypto whales bet big on Trump win ahead of US election

A few mysterious entities are controlling the majority of “Yes” votes for Donald Trump on the decentralized prediction market Polymarket, as millions are wagered on the Nov. 5 election. Five large investors, or “whales,” hold over 50% of Trump shares, potentially earning them a combined payout of over $81 million if he wins.

Source: Polymarket

When will we know the winner? Here’s what to expect

It’s unlikely that Americans will know the winner of the presidential race on the night of Nov. 5, as tight races in key swing states may delay the final result by several days. In 2020, for instance, Joe Biden’s victory wasn’t announced until four days after the election. 

Seven states are considered battlegrounds this year: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. These states are expected to have close margins, which could delay the final count. 

Analysts expect results for this year to come out earlier than in 2020 when the pandemic drove many Americans to vote earlier. This could lead to faster results this year. 

Source: a16z’s “State of Crypto 2024” report

Related: Pennsylvania, Wisconsin drive surge in crypto interest among swing states

Crypto voters guide to Congressional legislation for the 2024 election

Digital assets have taken center stage as a political issue in the current election. Industry leaders and advocates are pressuring politicians to commit to policies that promote growth and provide clarity about digital assets. 

Cointelegraph’s reporter Vince Quill has compiled key pieces of legislation currently up for consideration.

US election vs. Fed rate cut — 5 things to know in Bitcoin this week

Bitcoin ( BTC ) heads into US Presidential Election week with its own battle for $69,000, with macroeconomic events and network fundamentals likely adding volatility to crypto markets.

The cryptocurrency price is trading north of $62,200 to start the week.

Source: Cointelegraph

Trump and Harris wrap up campaign ahead of Election Day

The 2024 US elections are underway, with millions of Americans already casting their ballots through early voting. This year’s election could lead to major policy shifts, with all 435 seats in the House and 34 Senate seats on the line, alongside the presidential race between Vice President Kamala Harris and former President Donald Trump. 

Source: Library of Congress

Key issues like the economy, immigration, and crypto regulation are in the spotlight, making this election especially significant for the future of digital finance and innovation.

2024 US Presidential Election: Latest News and Full Coverage