• Donald Trump plans to ease crypto regulations and make America the world capital for digital assets like Bitcoin.
• Kamala Harris campaign now accepts crypto donations, according to Fortune.
• Fred Krueger weighed in on the impact of the presidential elections on Bitcoin's future.

Bitcoin (BTC) is down 3% on Thursday despite positive sentiments surrounding Republican Presidential candidate Donald Trump's plans to make America the world's crypto capital.

Trump states plans for crypto if elected, Harris makes move

As the November elections draw closer, candidates are increasingly taking actions that emphasize the role of crypto voters in the upcoming elections.

In a speech at the Economic Club New York, Republican Presidential candidate Donald Trump reiterated that he'll support the crypto industry if elected in the upcoming elections in November.

"Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin," said Trump.

Trump has been trying to woo crypto voters in the past few months, following a variety of efforts that involve accepting crypto donations, engaging with prominent crypto figures, dedicating a section of the GOP 2024 platform to crypto and even attending key crypto events like the Bitcoin conference in Nashville.

While many have waited for Democratic presidential candidate Kamala Harris's stance on crypto, Fortune reported that Coinbase's CFO confirmed that the Vice President's campaign has begun accepting crypto donations via the exchange.