As we gear up for the 2024 presidential election, Charles Hoskinson, the co-founder of Ethereum (ETH/USD), has shared his thoughts on the candidates. He believes Donald Trump is a better choice for the cryptocurrency space than Vice President Kamala Harris.

Hoskinson expressed his views at TOKEN2049 in Singapore, according to a report from CNBC. He said, “Between Harris and Trump, Trump is certainly the favorite from a cryptocurrency perspective.”

He pointed out that global regulations are being developed, no matter what the U.S. decides. “As an American, it would be nice to see our country get back into the race and build things,” he added. “But regardless, it’s not going to change the reality that the world will be decentralized.”

This endorsement comes at a significant time. Trump has officially entered the cryptocurrency market with the launch of World Liberty Financial (WLFI), a new decentralized finance (DeFi) platform. He announced this during a live Twitter Spaces event, marking his entry into blockchain technology.

Trump’s platform aims to promote the use of stablecoins, which are cryptocurrencies designed to keep a steady value. They will introduce a new cryptocurrency called $WLFI, available for public sale. This announcement follows a livestream where Trump presented the venture alongside his sons—Barron, Eric, and Donald Jr.

Additionally, Anthony Scaramucci, the former White House Communications Director and founder of SkyBridge Capital, has called for bipartisan regulation of cryptocurrency in the U.S. He noted that even though Trump had previously criticized Bitcoin, he has recently taken a more positive stance on digital assets.