Solana co-founder Anatoly Yakovenko has called on voters to focus more on political programs in the upcoming 2024 US presidential election. Beyond choosing between Donald Trump and Kamala Harris, Yakovenko recommended researching each candidate’s stance on important issues.
Focus on Politics
Yakovenko emphasized the stability of the US political system and stated that federalism and democracy are functioning as intended. The closeness of the 2024 election race has shown that both political parties are adapting their messages to appeal to a broad base of voters.
With the upcoming election, the crypto industry predicts that more crypto-friendly lawmakers will be elected. Crypto investors and lobbyists have increased their political presence, spending more than $160 million this election cycle.
Bitcoin and Market Dynamics
Bitcoin with the upcoming election day 
$68,287 Price fluctuations are expected. In October, Bitcoin rose 13% amid speculation of Donald Trump’s return as a possible crypto-friendly candidate.
Yakovenko suggested voters focus on politics and not get hung up on personalities. “Harris is not a communist and Trump is not a Nazi. The USA will be fine either way. “The fact that it is fifty-fifty is an indication that democracy and federalism are working as designed,” he said.
“Each party has had to adapt its message to achieve a stable majority.” – Anatoly Yakovenko
Under the Biden administration, crypto-related businesses have faced regulatory challenges, particularly from SEC Chairman Gary Gensler. New lawmakers are expected to develop policies that support the growth of the crypto industry.
Crypto investors stated that the SEC’s sanctions against crypto firms resulted in $400 million in compliance costs. A more balanced Congress could pave the way for policies favorable to the growth of the sector.
Recent developments reveal the dynamics between pre-election political stance and the crypto market. Investors are taking a cautious approach due to the decline in Trump’s election chances.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
