World Line 'Trump' or 'Harris' Winning, What Different Directions Will They Lead the Cryptocurrency Sector? #BabyMrvinf9c7

👉 On November 5, the results of the U.S. election will be announced. If Trump or Harris wins, what different directions will they lead the cryptocurrency sector?

Today, we will predict based on their existing policies and the interest groups behind them, where different electoral outcomes could lead the future of the cryptocurrency sector.

1️⃣ Different Economic Policies

👉 Trump (Free Market Economics)

1/ Deregulation:

Trump may promote the establishment of a national Bitcoin reserve and set up a dedicated cryptocurrency advisory committee, which could help facilitate the development of the crypto market.

2/ Reducing Regulatory Pressure:

Trump stated that one of his first actions if elected would be to fire the current SEC chairman and appoint officials who are more supportive of cryptocurrencies, thereby reducing regulatory pressure on crypto assets.

3/ Opposition to CBDCs:

Trump is clearly against central bank digital currencies, which may benefit decentralized crypto assets.

👉 Harris (Keynesianism)

1/ Strengthening Regulatory Framework:

Harris may push for the establishment of a stricter regulatory framework for digital assets aimed at protecting investors and market stability, potentially increasing compliance costs.

2/ Investor Protection:

Emphasizing the need to ensure investor protection while promoting the development of the cryptocurrency industry, to avoid potential financial risks.

3/ Cautious Approach to ETFs:

If Harris is elected, she may not approve ETF applications for cryptocurrencies other than Bitcoin and Ethereum, such as $XRP and $SOL.

2️⃣ Interest Groups

Although the U.S. election seems to be a contest between two candidates, it is actually a struggle between interest groups.

Trump represents: Business interest groups, such as finance and technology companies, which tend to push for less regulation to foster innovation and growth.

3️⃣ Summary

In conclusion, no matter who is elected, the development of the crypto economy has an unstoppable certainty; this is the 'will of the people', and regulation and compliance are also the trend of the times.

However, one is more radical and the other relatively conservative. Trump's election may have a more stimulating effect on the short-term $BTC trend, but in the long run, they may end up in the same place.

Nevertheless, I still prefer Trump, how about you? 😂