The crypto world expects big-time changes in rules no matter who wins the white-house next week: both Donald Trump and Kamala Harris might bring fresh air to the industry
Asset managers dont wait for changes — theyʼre already making moves. Bitwise and Canary Capital filed papers for new crypto-products (showing confidence in future rule changes). The industry has put its money where its mouth is spending $119 million on congress-friendly candidates
I will be a crypto president
Absolutely it will be friendlier under a Harris admin
The current SEC boss Gary Gensler – whose job runs till 26ʼ – has been tough on crypto firms; making many mad with his strict rules. But theres signs of change: the SEC recently okʼd some bitcoin products and gave BNY a green-light for crypto-holding
Here are key industry moves happening right now:
- New product applications for XRP tracking
- Fresh push for crypto-friendly laws
- Support for pro-crypto politicians
- Plans to change strict accounting rules
The markets total value sits at $2.5 trillion today‚ and big names are jumping in: State Street plans crypto services while Cameron and Tyler Winklevoss support political changes. Chris Larsen from Ripple backs Harris super-PAC‚ showing the industry bets on both sides
Rebecca Rettig from Polygon Labs puts it simple: “Regardless who wins there will be a new approach to how we move forward with crypto“