With the U.S. Presidential election just weeks away, the conversation at major crypto events has shifted towards regulation and politics. As the future of cryptocurrency regulation becomes a central issue, industry leaders are gathering to discuss how the election outcome could shape the crypto landscape in 2025 and beyond.
At events such as Permissionless III in Salt Lake City, Utah, and Ripple Swell in Miami, high-level executives have shared their predictions for what the November race between Vice President Kamala Harris and Donald Trump might mean for the crypto industry.
Will the election create a more favorable regulatory environment for digital assets?
How the U.S. Election Could Impact Cryptocurrency
The 2024 U.S. election is different from previous elections because cryptocurrency has become a mainstream political issue. Both major candidates have expressed pro-crypto views, which significantly departs from the Biden administration’s regulatory crackdown on the industry.
| Candidate | Stance on Cryptocurrency |
|---|---|
| Kamala Harris | Supports a regulatory framework |
| Donald Trump | Strongly pro-crypto; views Bitcoin as strategic |
Kamala Harris, the Democratic candidate, has called for clear regulation to protect investors while fostering innovation. On the other hand, Donald Trump has emerged as a vocal supporter of cryptocurrency, even pledging to make the U.S. the “crypto capital of the planet” if he wins the presidency.
The Rise of Crypto Regulation in Political Discourse
One of the most prominent themes at these crypto events is the increasing importance of regulation. Executives from major blockchain firms are urging policymakers to clarify the future of stablecoins, DeFi (Decentralized Finance), and crypto taxation.
Lauren Belive, Head of U.S. Public Policy at Ripple, emphasized that the conversation around regulation is no longer limited to niche panels.
“Every single panel is talking about regulations,” she told Cointelegraph at Ripple Swell. “We’ve seen a much broader range of policymakers take an interest in the nuances of this technology.”
Crypto Wins Regardless of the Election Outcome?
Many industry leaders believe that cryptocurrency is poised for a more favourable regulatory environment no matter who wins the election. The growing awareness and understanding of blockchain technology among policymakers signal a more educated Congress in 2025.
| Potential Post-Election Outcomes | Impact on Cryptocurrency |
|---|---|
| Republican Victory (Trump) | Pro-crypto policies; likely reduction of regulatory pressure |
| Democratic Victory (Harris) | Balanced regulation to protect investors but foster innovation |
Kristin Smith, CEO of the Blockchain Association, highlighted that the upcoming Congress will be the most educated on cryptocurrency issues. This understanding could lead to introducing new policies that support the industry, regardless of the election outcome.
Key Regulatory Topics at Crypto Events
Here are some of the key regulatory topics that have dominated recent crypto events:
- Stablecoin Regulation: Policymakers must introduce clear frameworks for issuing and using stablecoins. This could bring stability to a sector marred by regulatory uncertainty.
- DeFi Regulations: Decentralized Finance (DeFi) has become one of the hottest sectors in the blockchain space, but the lack of regulation has hindered its growth. Industry leaders are pushing for clarity on how DeFi protocols will be regulated to ensure they can operate without fear of legal repercussions.
- Taxation of Digital Assets: Industry participants have demanded clear guidelines on taxing cryptocurrencies. The Internal Revenue Service (IRS) is expected to shape how crypto transactions are treated for tax purposes significantly.
Expert Opinions on U.S. Election’s Impact on Crypto
- Jason Allegrante, Fireblocks: “Technology shouldn’t be a political issue, but it has become one in the U.S. We’re seeing a lot more vocal support from politicians who recognize the potential of crypto.”
- Faryar Shirzad, Coinbase: “Regardless of what happens in the elections, we’re moving toward a more advanced debate around crypto issues. We’ll see a larger cohort of lawmakers coming in with pro-crypto views.”
Conclusion: How the U.S. Election Could Shape Crypto in 2025
The 2024 U.S. election will have far-reaching implications for the crypto industry, as both candidates have expressed a willingness to embrace the sector.
Whether Trump takes an aggressive pro-crypto stance or Harris takes a balanced approach, the regulatory landscape for digital assets is set to evolve significantly in 2025.
As crypto continues to become a mainstream political issue, the outcomes of these discussions could lead to a more favourable environment for blockchain innovation, DeFi, and cryptocurrency adoption.
Disclaimer
Cryptocurrency markets are volatile and subject to regulatory risks. Please consult a financial advisor before making any investment decisions.
