On November 5, the results of the U.S. election will be announced, and whether Trump or Harris is elected, what different directions will it lead for the cryptocurrency world?
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.
Trump represents: business interest groups, such as financial and technology companies, which tend to advocate for less regulation to promote innovation and growth.
Harris represents: financial regulatory agencies and traditional investor groups, which emphasize transparency and compliance to prevent market manipulation and fraud; breaking existing rules would harm their interests.
If Harris is elected, she may not approve ETF applications for other cryptocurrencies beyond Bitcoin and Ethereum, such as those for $XRP and $SOL.
Regardless of who is elected, the development of the crypto economy has an unstoppable certainty, it is the "will of the people," and regulation and compliance are also trends that cannot be ignored.
It's just that one is more radical and the other relatively conservative; Trump's election would have short-term implications.
