#الرئيس_التنفيذي For BlackRock:
Trump or Harris…it’s the same for Bitcoin.
Larry Fink believes Bitcoin (BTC) will continue to rise regardless of who wins the presidency.
This view expresses his belief that “the use of digital assets will become an increasing reality around the world” regardless of the legal opinion on them.
Trump Leads Polls in Polls, But Does It Really Matter?
Fink's comments come as former President Donald Trump asserts himself as the favorite with a 16% lead on the betting platform Polymarket.
US presidential election forecast, Trump leads. Source: Polymarket.
Overall, Trump is the most pro-innovation candidate in the crypto space, having pledged to make the United States the “crypto capital” of the world if re-elected, and recently announcing plans to launch his own currency in collaboration with decentralized finance project World Liberty Financial.
In contrast, current Vice President and presidential candidate Kamala Harris recently made her first statements on crypto policy, emphasizing her intention to establish clear laws for digital assets.
Overall, Harris’ endorsement and Donald Trump’s vocal support are evidence of the growing bipartisan acceptance of cryptocurrencies. However, Fink’s comments raise questions about the value of all these efforts.
The role of regulatory laws is still important in the crypto world
Despite Larry Fink's views, there is no escaping the recognition of the role of financial laws and their direct impact on the cryptocurrency sector, especially in the United States.
In this context, US Securities and Exchange Commission Commissioner Mark Uyeda described the commission’s approach to regulating cryptocurrencies as “disastrous” due to a lack of regulatory clarity, a view that resonates strongly within the cryptocurrency community, as the SEC faces increasing criticism for its “regulation by enforcement” strategy.
Critics argue that the SEC has failed to establish a clear regulatory framework for cryptocurrencies, opting instead to pursue legal action against major players in the sector.
In response, a coalition of seven US states has challenged the commission’s crypto laws, filing a brief with the court led by Brenna Bird, the attorney general of Iowa, alleging that the SEC’s attempt to regulate the crypto sector constitutes an “abuse of power” that would stifle innovation and harm the crypto sector, and is not within the commission’s purview.
The coalition claims that the current regulatory landscape is too vague and overly punitive, which hinders the growth and development of the cryptocurrency sector.
