2024 US election final day: Crypto donations surge, who will enter the White House between Trump and Harris?

Today is a historic moment in the United States: Americans will decide who will enter the White House in the next four years, and the suspense between Trump and Harris remains.

While mobilizing voters, another battle is unfolding behind the scenes of the US election: donations from the Crypto field. This is likely to affect the future financial and political regulations in the United States.

On November 5, millions of voters were mobilized, and the expectations for the presidential election reached a peak. Between early voting and mail-in ballots, one-third of voters have already cast their votes.

At the same time, this election also involved some traditional small villages, such as Dixville Notch, where voting began at midnight under the watchful eyes of reporters.

Since 1960, this small village in New Hampshire has been closely watched and has always predicted the results of presidential elections.

It is also here that strategic "swing states" such as Pennsylvania, Georgia or Arizona will be decided.

The election results in these states are always unpredictable, but they have 88 electoral votes, which is the decisive weight of the 270 electoral votes required to win the general election in the United States.

In the financial sector, Crypto assets have made a historic breakthrough in this election. Donations from the Crypto asset sector have exceeded $238 million, even exceeding donations from traditional giants such as oil and pharmaceuticals.

The explosive entry of Crypto assets has caused trouble in Washington, and many lawmakers may be more willing to accept regulations that are favorable to digital assets.

Major companies in the crypto asset space, such as Coinbase, Ripple, and Andreessen Horowitz, have all made large donations through super PACs.

A joint study by Breadcrumbs and FOX Business shows impressive numbers:

• The largest players in the crypto asset space contributed more than $160 million

• $22 million donated to Trump's campaign, accounting for more than 50% of the US election-related crypto asset donations

• $12 million donated to Harris, most of which came from Ripple XRP co-founder Chris Larsen

James, an analyst at Breadcrumbs Delmore commented: “These donations clearly demonstrate that Crypto Asset intends to have a significant impact on American politics.”

This record amount shows that Crypto Asset stakeholders are willing to present themselves as true financial partners to policymakers, while influencing the future laws governing this volatile market.

The rise of Crypto Asset in the political sphere has naturally attracted criticism, with some observers seeing it as an attempt to manipulate public decision-making.

Rick Claypool, director of research at Public Citizen, warned: “Crypto Asset companies have no qualms about investing millions of dollars to shape American democracy in their favor.”

The growing influence of these funds on US elections is under scrutiny as it could lead to regulations that favor the industry.

In Ohio's Senate race, Republican candidate Bernie Moreno, who supports Crypto assets, received $40 million from a Super PAC that supports the industry, raising questions about the influence of these donations.

Given the influx of these funds, lawmakers and associations have called for stricter rules to regulate political donations, especially in Crypto assets, to maintain the fairness of the electoral process.

In short, Crypto assets are likely to become stronger regardless of the election results.

These donations may pave the way for a new era of American politics, one in which digital assets will play a key role both for candidates and for the future of the global financial system.

Finally, memecoins appear to be increasingly supporting Trump than Harris supporters, a surprising trend that may well reflect the results of actual voting.