📍｜Continuing from the previous text, let's discuss why the US elections are particularly important for the cryptocurrency market

🔴｜In one article, understand why this election is particularly important for the crypto market

The most obvious viewpoint on why this election matters is that the cryptocurrency industry has been stumbling since the FTX bankruptcy in 2022 and has yet to recover. Clearly, the bankruptcy is not directly the responsibility of the current government (although one could make a compelling argument), but the reality is that Democrats quickly adopted an extremely tough stance on cryptocurrencies afterward, both to score points and to clean up the mess from their support of SBF.

📍What really matters here is that many cryptocurrency companies have been waiting for changes in regulatory policies, either a change in the chair of the SEC or action from Congress on cryptocurrency issues. But the problem is that the SEC's repeated crackdowns on cryptocurrencies have left a shadow, causing many market-leading companies and talents to either choose to leave or consider waiting for the election results. For participants without background, the repeated attacks have been a headache, and the ongoing situation is undoubtedly worrisome for many cryptocurrency developments.

Another major consideration is the institutionalization of non-Bitcoin assets. Bitcoin has solidified its position as a mainstream asset, and its rise may continue regardless of who the president is (although Trump's campaigning and his relationship with Howard Lutnick/Tether have helped).

The issue lies with the remaining protocols that have not yet achieved institutional classification and have not effectively translated into traditional financial supporters. Take ETH as an example; even with the launch of ETFs, ETH has performed poorly over the past six months. To be honest, without staking added, the product is also incomplete. Now, moving down the risk curve, you quickly realize that future governments may take a similar approach to the overall classification of cryptocurrencies; companies need to register with the SEC and adapt to an unsuitable regulatory framework.

🔻People hope that if Harris wins, her team will do better in this regard, but given the past four years, the reality is that it's hard to hold onto any illusions. On the other hand, Trump has publicly launched a token... it's hard to imagine he would consider maintaining the status quo at the SEC.
#美国大选后涨或跌？