Kamala Harris, the presidential candidate of the Democratic party, has finally unveiled her proposed policy positions for a potential administration after months of speculation. However, despite the anticipation, her list notably excludes any mention of Bitcoin (BTC), Ripple (XRP), FXGuys ($FXG), or other cryptocurrencies.
The presidential candidate has a track record of not addressing cryptocurrency matters throughout her political career, making her decision less surprising. As the industry anticipates the next crypto boom, this omission has left many wondering how it might impact the future of digital assets like XRP and $FXG.
Key Positions in the Kamala Harris Policy
On September 6, 2024, Kamala Harris’s campaign unveiled its policy platform just before the vice president is set to face Donald Trump in the high-stakes presidential debate. The policy agenda is substantial and detailed, focusing on several key areas:
Ending Subminimum Wages: Harris proposes an approach to labor compensation by eliminating subminimum wages for tipped workers and individuals with disabilities. Her plan includes a substantial raise in the federal minimum wage and the removal of taxes on tips, aiming to ensure fairer wages for some of the most vulnerable workers in the economy.
$25,000 for First-Time Homebuyers: To address housing affordability, Harris plans to offer up to $25,000 to first-time homebuyers for down payments and aims to build 3 million new rental units and homes.
Tackling Inflation: Harris seeks to address high living costs by banning corporate price gouging on food and groceries and curbing price-fixing by landlords. She also proposes expanding the $2,000 cap on out-of-pocket healthcare expenses and the $35 cap on insulin to all Americans.
Supreme Court Reforms: Harris supports reforms for the Supreme Court, including enforcing ethics rules for Justices and implementing term limits, though she does not propose increasing the number of Justices.
Legislative Promises: Harris pledges to sign significant legislation if elected, including the PRO Act and the Public Service Freedom to Negotiate Act, as well as bills to codify Roe v. Wade and ban assault rifles.
With no mention of cryptocurrency in Kamala Harris’s policy agenda, investors are now eying XRP and $FXG, which are now seen as coins with potential for massive gains.
Ripple Gains 9.72% in Five Weeks
In August 2024, Ripple received a significant boost amid growing speculation around Kamala Harris’s proposed policy positions. On August 7, Judge Analisa Torres ruled in favor of Ripple in its long-standing battle with the SEC, determining that XRP is not classified as a security.
This crucial decision provided Ripple with the regulatory certainty it sought, leading to a significant rise in XRP’s price and marking a major victory for the cryptocurrency industry as a whole.
After the ruling, data on CoinMarketCap show that XRP’s price surged by 29.83% in just 24 hours, going from $0.4942 to $0.6416. By the end of the month, it settled at $0.5718, which was a 10.88% drop from its peak. However, by September 9, XRP had still shown a 9.72% increase over five weeks, rising from $0.4942 to $0.5422.
Alongside these price movements, XRP’s network activity saw a significant increase. Wallets holding over 10,000 tokens reached record levels in July, and large investors, or “whales,” added 662.4 million XRP in August, signaling growing confidence in the asset.
Additionally, XRP’s “social dominance” score, which tracks mentions on social media, soared to levels not seen since January, further driven by its legal successes and price growth.
IMG Title: XRP Balance of Addresses. Source: Santiment
Currently, XRP trades at $0.54, and industry experts are increasingly optimistic about its future. With Kamala Harris notably omitting cryptocurrencies from her policy platform, the regulatory environment remains favorable for Ripple.
Analysts forecast price of $0.75–$0.86 by the end of 2024 and $0.85 to $2.27 by 2026. As a result, attention in the crypto community is increasingly shifting toward FXGuys.
Investors Flock to FXGuys for Its 10,000% Growth Potential
Investors are flocking to FXGuys, an innovative decentralized platform, due to its potential for substantial returns. FXGuys is gaining traction with its native token, $FXG. On this platform, traders earn $FXG tokens automatically based on their trading volume.
These tokens accumulate in the dashboard wallet and can be redeemed for exclusive perks and rewards within the FXGuys ecosystem.
The value of $FXG is shaped by supply, demand, and market dynamics. As FXGuys expands and attracts more traders, the demand for $FXG tokens is expected to rise, potentially increasing its value.
With its growing ecosystem and ongoing development, $FXG presents significant potential for growth, making it an attractive option in the digital trading space.
Currently, in the private sale phase, $FXG can be purchased at a price as low as $0.015. The official Stage 1 public presale will begin in ten days, with prices set to rise through various stages. In Stage 1, $FXG will be priced at $0.03, marking a 100% increase from the private sale price.
Crypto Jackpot: Potential 10,000% Gains With the $FXG Presale
As the presale continues, the $FXG price will continue to rise to $0.04 in Stage 2, $0.05 in Stage 3, $0.06 in Stage 4, $0.07 in Stage 5, and $0.08 in Stage 6. This structured pricing strategy offers significant potential returns for early investors.
With no Kamala Harris policy in the way, investors are increasingly optimistic about $FXG’s potential. Unlike established tokens like XRP, $FXG is showing promising signs of extraordinary growth.
Experts forecast that $FXG could experience a surge of up to 10,000% when it becomes available on major centralized and decentralized exchanges. Can you get a better deal anywhere else? Certainly no!
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