• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: What Will Happen? US Elections and 2025 Cryptocurrency Legislation
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Regulations, Law & Policy > What Will Happen? US Elections and 2025 Cryptocurrency Legislation
Regulations, Law & Policy

What Will Happen? US Elections and 2025 Cryptocurrency Legislation

vitalclick
Last updated: November 4, 2024 11:35 pm
7 months ago
Share
SHARE

Why are the US elections important for cryptocurrency investors around the world? Of course, everyone is following these elections due to the position taken by the USA, which is expected to form the general framework of global cryptocurrency regulations. Hours later, the new US President will be announced. Compared to other elections, this election is much different and important for cryptocurrency legislation.

Why Are US Elections Important?US Elections and 2025 Crypto Regulations

Why Are US Elections Important?

Something different happened in this election than the others. Trump took the stage and Bitcoin $68,545He made statements that supported and even expressed support beyond that of many investors. We’ve heard ambitious things like regulating cryptocurrencies in a friendly manner, adding Bitcoin to the Fed’s balance sheet. This situation created a completely different scenario in which the pressure on cryptocurrencies would be significantly eliminated if he was elected.

This is exactly what got cryptocurrency investors excited. Moreover, in these elections Kamala Harris clearly trump He did not make a clear support or moderate statement while playing crypto votes. Although it was initially rumored that he could attend a suitable crypto event and rival Trump in this field, his failure to do so was attributed to the ongoing crypto pressure of the Biden administration. As a matter of fact, Harris was already the second name in the administration in this pressure environment, so she is as responsible as Biden for all of this.

US Elections and 2025 Crypto Regulations

The cryptocurrency industry literally pumped cash into the US Congressional elections. The largest crypto-backed election funding group, according to Open Secrets Fairshake He raised $200 million this election cycle. Ripple $0.508695 This PAC, to which companies like Coinbase and Coinbase made massive cash donations, financially supported crypto-friendly candidates for Senate elections in key districts like Ohio and Montana.

Alison Mangiero, executive director of the Proof of Stake Alliance, said the following about crypto supporters’ investment in the election and its possible consequences;

“Regardless of how each race turns out, we will have the most pro-crypto Congress we have ever had. “There will still be a lot of work to do in terms of education and industry because we have poured so much money into these races that now the real work will begin.”

So even if Harris wins, we will see hands raised in favor of crypto in Congress. Because some of the candidates were forced to adopt a pro-crypto strategy, and investors spent huge amounts of cash on their campaigns to get them to sit in those seats and support them.

SEC And CFTC If the Senate Banking Committee, which has jurisdiction over it, falls under the control of pro-crypto politicians, this could mean things will get easier for cryptocurrencies, no matter who wins.

Republican candidate Bernie Moreno is running against Senator Sherrod Brown, who is currently the chairman of that committee. If Moreno wins the election in the region, things will become easier. However, even if Brown wins, Republican Scott could become the head of the committee if the Senate passes to Republicans. this name crypto- He previously announced his support for currencies and said he would do his best to ensure clear regulations.

There are also candidates among the Democrats who receive support from crypto PACs because they support cryptocurrencies. In summary, regardless of the outcome of the election, we will see many crypto-friendly names in both the House of Representatives and the Senate. This should mean that we see less legal pressure than during the last government period, paving the way for clearer regulations.

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.

You Might Also Like

Trump’s Team Plans to Repeal the FDIC, Is It Good for Cryptocurrencies?

SEC Designates Cryptocurrency Mining Devices as Securities

Important Announcement for Those Waiting for FTX Refund, What Will Happen to FTT Coin? An Event That Will Affect All Cryptocurrencies

Breaking News: US CFTC: Stay Away From Cryptocurrency-Focused Prediction Platforms

IMPORTANT: APRIL 25 SEC CRIP MONEY MEETING AND ALL DETAILS

TAGGED:law
Share This Article
Facebook Twitter Email Print
Previous Article Altcoins Drop Faster Than Bitcoin; Trump to the Rescue?
Next Article Analyst Predicts DOGE May Soon Hit $2, But Don’t Overlook Bullish Rise of AI Dating Meme GoodEgg (GEGG) as It Aims for $0.00031 First
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?