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

Trump’s Web3 Project and Crypto Advocacy

Young Ju highlighted Trump’s latest Web3 initiative, World Liberty Financial, and his influential speech at the Bitcoin 2024 conference. According to a recent report, World Liberty Financial submitted a proposal to launch its Aave v3 instance. This aims to provide stablecoin liquidity for Ethereum and Wrapped Bitcoin, potentially increasing the decentralized finance protocol’s user base.

“He’s [Trump] a Web3 founder now. Regardless of the outcome, he’s far better than Harris, who shows no interest in crypto,” Young Ju wrote.

Community Reactions

The CryptoQuant CEO faced criticism after expressing his support for Trump. One user referred to Trump as a “scam artist,” noting that Trump “had plenty of opportunities in his previous term to promote crypto.”

Meanwhile, Kamala Harris has stated her intention to “build an opportunity economy” for crypto and artificial intelligence. Young Ju argues that “the lack of regulation” during Harris’ potential presidency “could cause another downturn.”

Political Stance on Cryptocurrencies

Notably, neither Trump nor Harris mentioned cryptocurrencies and decentralized finance (DeFi) in their debate on September 10. However, Trump’s recent speech in Butler, Pennsylvania, alongside Elon Musk, garnered more supporters and extended his lead on the market prediction platform Polymarket.

Market Prediction Data

According to Polymarket data, Trump’s chance of winning the U.S. presidential race is currently at 54.4%, which is 9.4% higher than Harris’ 45%. The total amount of bets on the outcome of the U.S. elections in November has surpassed the $1.6 billion mark, with Trump leading the chart with $425 million.

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