Crypto Industry Anticipates Regulatory Shift in Upcoming U.S. Election

Both Trump and Harris signal potential for a more favorable crypto environment, attracting significant industry support.

The cryptocurrency industry is optimistic about a friendlier regulatory environment regardless of whether Donald Trump or Kamala Harris wins the presidency.
Trump has pledged to promote bitcoin and fire SEC Chair Gary Gensler, while Harris has promised to encourage digital asset innovation and protect investors.
Crypto investors are emerging as a significant voting bloc, particularly in swing states, with up to 21% of Americans owning digital currencies.
The industry has heavily invested in political campaigns, with over $119 million spent on pro-crypto congressional candidates to influence future legislation.
Executives expect changes to SEC guidance, such as the potential overturning of SAB 121, which could accelerate the crypto market's growth.