With the U.S. elections just around the corner, discussions within the crypto industry are increasingly centered on regulation and the political landscape. As voters prepare to decide the outcomes of races for the House of Representatives, Senate, and the Presidency, many industry leaders are focusing on how these elections will shape the future of digital assets and blockchain technology.
At recent events such as the Permissionless III conference in Salt Lake City and the Ripple Swell gathering in Miami, much of the dialogue revolved around the upcoming election and its potential effects on the regulatory environment. Executives and thought leaders in the crypto space are looking ahead to the race between Democrat Kamala Harris and Republican Donald Trump for the U.S. presidency, with particular interest in what the outcome might mean for the industry going into 2025.
Whether the panels discussed stablecoins, Bitcoin mining, or broader regulatory frameworks, one common theme emerged: crypto is no longer a niche topic. It has become a mainstream issue in U.S. politics in a way that hasn’t been seen before. Lauren Belive, head of U.S. public policy at Ripple, highlighted this shift at the Swell event, stating, “We’re seeing more policymakers who are genuinely interested in understanding the complexities of this technology.”
The crypto industry has made significant strides in 2024 compared to previous election cycles. During Donald Trump’s first presidency from 2017 to 2021, he referred to Bitcoin as “thin air” and even labeled it a “scam” after leaving office. However, both major candidates in the current race have since expressed more favorable attitudes toward the industry, signaling potential support for digital assets if elected.
Jason Allegrante, head of legal and compliance at Fireblocks, observed that the politicization of crypto has become more pronounced. “There’s a frustration that technology shouldn’t be a political issue, but it has become one in the U.S.,” he said, noting that this is why people in the industry are paying closer attention to the election’s potential impact.
While regulation has always been a major concern for those in the crypto space, the increasing willingness of lawmakers and policymakers to engage with the industry—both at conferences and in policy discussions—marks a significant change. With the outcome of the U.S. elections potentially shaping the future regulatory framework, the crypto world is watching closely to see what 2025 might bring.
Summary Review: As the U.S. elections draw near, the crypto and blockchain industry is increasingly shifting its focus to regulation and political developments. With major political races looming, many in the industry are emphasizing the importance of congressional elections and their potential impact on the future of crypto regulation in 2025.
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