Republican

Cryptocurrency

Biden

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/the-importance-of-u-s-elections-for-cryptocurrency-investors/" data-wpel-link="internal">The Importance of U.S. Elections for Cryptocurrency Investors</a> 
Why are the U.S. elections significant for <a href="https://en.coin-turk.com/decisive-week-for-cryptocurrencies-important-developments-and-expectations/" data-wpel-link="internal">cryptocurrency</a> investors worldwide? The global cryptocurrency community closely watches these elections, anticipating that the U.S. stance will shape the overall framework of cryptocurrency regulations. The new U.S. President will be determined shortly, and this election is notably different and crucial for cryptocurrency legislation. 
<h2 style="text-align: justify" id="why-are-the-u-s-elections-important">Why Are the U.S. Elections Important?</h2> 
Something unique occurred in this election. Trump emerged as a supporter of Bitcoin , making statements that resonated with many investors. He proposed bold ideas, including friendly regulations for cryptocurrencies and adding Bitcoin to the Fed’s balance sheet. This scenario created the possibility that, if elected, significant pressure on cryptocurrencies could be alleviated. 
What excites cryptocurrency investors is exactly this potential shift. Additionally, Kamala Harris did not provide a clear supportive statement while Trump openly appealed to crypto voters. Initially, it was discussed that she might participate in a suitable cryptocurrency event to compete with Trump, but her lack of action hinted at continued pressure on cryptocurrencies under the Biden administration. Harris was already the second figure in the administration responsible for this atmosphere of pressure. 
<h2 style="text-align: justify" id="u-s-elections-and-2025-cryptocurrency-legislation">U.S. Elections and 2025 Cryptocurrency Legislation</h2> 
The cryptocurrency industry significantly funded the U.S. Congressional elections. According to Open Secrets, the largest cryptocurrency-supported election funding group, Fairshake, raised 200 million dollars during this election cycle. Companies like Ripple and <a href="https://en.coin-turk.com/bittrex-us-to-resume-withdrawal-services-after-bankruptcy-ruling/" data-wpel-link="internal">Coinbase</a> made substantial cash donations, financially supporting crypto-friendly candidates in key Senate races in states like Ohio and Montana. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-403571 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/fairshake-kripto-pac.png" alt="" width="850" height="405"> 
Alison Mangiero, Executive Director of the Proof of Stake Alliance, commented on the investments made by cryptocurrency supporters: “Regardless of how each race ends, we will have the most crypto-friendly Congress we have ever had. There is still much work to be done in terms of education and the industry because we poured so much money into these races that the real work is just beginning.” 
Thus, even if Harris wins, we will see supportive votes for cryptocurrencies in Congress. Many candidates were compelled to adopt crypto-friendly strategies, and investors spent large sums on their campaigns to ensure their support. If the Senate Banking Committee, which has jurisdiction over the <a href="https://en.coin-turk.com/rebirth-on-the-horizon-bankrupt-crypto-exchange-ftx-poised-for-a-comeback-as-ftx-2-0/" data-wpel-link="internal">SEC</a> and CFTC, falls under the control of pro-crypto politicians, it will ease matters for cryptocurrencies, regardless of who wins. 
Republican candidate Bernie Moreno is currently running against Senator Sherrod Brown, the committee’s chair. If Moreno wins in the region, things will become even easier. However, even if Brown wins, if the Senate shifts to the Republicans, a Republican like Scott could take the committee’s lead, someone who has previously expressed support for cryptocurrencies and promised to work for clear regulations. 
Among Democrats, there are candidates who also support cryptocurrencies and receive backing from crypto PACs. In summary, no matter the election’s outcome, we will see many crypto-friendly figures in both the House of Representatives and the Senate. This should lead to less legal pressure than in the last government term and pave the way for clearer regulations. 
The post <a href="https://en.coin-turk.com/the-importance-of-u-s-elections-for-cryptocurrency-investors/" data-wpel-link="internal">The Importance of U.S. Elections for Cryptocurrency Investors</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

The Importance of U.S. Elections for Cryptocurrency Investors

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