Cryptocurrency stocks experienced a decline in premarket trading on Wednesday following the presidential debate between Democratic candidate Kamala Harris and Republican incumbent Donald Trump.
Trump had positioned himself as a pro-crypto candidate, promising friendlier regulation for the cryptocurrency industry. In July, at a conference in Nashville, Trump said he wants the U.S. to become the “crypto capital of the planet” and the Bitcoin “superpower of the world.”
However, Harris has not yet taken an official position on cryptocurrency during her run as the democratic nominee so far. However, her performance in the debate seems to have impacted crypto stocks.
Bitcoin, the largest cryptocurrency, is currently down around 0.8% in the last 24 hours, while ether fell by 1%. This decline suggests that the market may be reacting to the potential regulatory implications…
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