As the US election draws near, the spotlight is shifting to regulation and politics in the crypto world. Executives at major crypto and blockchain firms have pointed to the importance of US congressional races, viewing them as more impactful for the industry than the presidential election.
At recent events like Permissionless III in Utah and Ripple Swell in Miami, leaders discussed the significance of the November race between Democrat Kamala Harris and Republican Donald Trump. Many highlighted how digital assets have emerged as a mainstream topic in 2024, with regulation now dominating discussions.
Ripple’s head of US public policy, Lauren Belive, emphasized that regulators are increasingly interested in the complexities of crypto. The shift marks a departure from the Trump era, when the former president called Bitcoin a “scam.” Both current candidates have expressed more favorable views toward the industry.
Experts believe that regardless of the election outcome, 2025 will usher in the most crypto-savvy Congress ever, with many pro-crypto voices emerging among policymakers.