Harris Vs Trump: Crypto Industry Anticipates ‘Favorable Regulatory Environment’ For Bitcoin And Other Digital Assets After Elections
As the U.S. presidential election approaches, the cryptocurrency industry is hopeful for a more supportive regulatory environment from Washington, regardless of who wins the White House. Industry leaders are preparing for potential shifts in policy that could benefit the sector.
What Happened: The U.S. cryptocurrency sector is optimistic about a more supportive stance from Washington, regardless of the upcoming presidential election outcome, Reuters reported on Thursday. Industry leaders foresee a shift in regulatory approaches.
Executives from firms like Bitwise and Canary Capital are preparing new offerings, anticipating a crypto-friendly administration.
“We do think that, whoever wins on Tuesday, crypto markets will be looking at a more favorable regulatory environment in a new administration in the new year,” a spokesperson for Bitwise said.
Meanwhile, Ripple (CRYPTO: XRP) plans to advocate for new crypto legislation in Congress. Rebecca Rettig of Polygon Labs (CRYPTO: MATIC) emphasized a fresh approach regardless of the election’s winner.
Republican candidate …
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