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?
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.