Crypto Industry Shifts Focus to US Congressional Races as Election Approaches
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
The crypto industry has pivoted its attention to the potential implications of the upcoming US Congressional races.
As the nation braces for pivotal decisions on its House of Representatives, Senate, and the Presidency, the digital assets industry finds itself entwined with politics and regulation.
Throughout October, key industry players congregated at two significant events: the Permissionless III conference in Salt Lake City, Utah, and Ripple Swell in Miami, Florida.
Panels at these gatherings delved deep into discussions that not only forecasted the electoral battle between Democrat Kamala Harris and Republican Donald Trump for the US presidency but also speculated on how the crypto landscape could evolve by 2025.
Executives at these events showcased a keen interest in the intersection of digital assets and US politics, emphasizing that cryptocurrencies have now become a mainstream concern unlike ever before.
“Every single panel is talking about regulations,” Ripple’s head of US public policy, Lauren Belive, said.
Belive argued that the industry’s trajectory in 2024 stands in stark contrast to the landscape during the US midterms in 2022 and the 2020 elections.
Under Trump’s previous administration, Bitcoin faced skepticism, with the former president branding it as “thin air” and a “scam.”
However, both current major party candidates have signaled a willingness to support the crypto sector if elected, signaling a significant departure from past rhetoric.
The growing willingness of lawmakers to engage with digital assets,
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