Hereâs what happened in crypto today! đĄ
Crypto becomes US election issue for the first time will likely play a role in the upcoming United States presidential election, as increasing numbers of US crypto investors are concerned about the candidatesâ approaches to regulating the industry.The vast majority of crypto owners in the US plan to consider the crypto regulation stance of US presidential candidates in the upcoming election in November, according to a new report by Winklevoss twins-founded crypto exchange Gemini.
Released on Sept. 10, Geminiâs latest âGlobal State of Cryptoâ report featured a survey of 6,000 adults representing a random sample of the consumer population in the US, the United Kingdom, France, Singapore and Turkey. The survey was conducted online from May 23 to June 28, 2024.According to Geminiâs findings, as many as 73% of US respondents who currently own crypto said that a candidateâs stance on crypto would have âsome impactâ on their vote.
Additionally, another 37% of respondents indicated that a presidential candidateâs position on crypto would have a âsignificant impactâ on their vote.According to Gemini, the surveyâs results reflect the growing role of crypto in the ongoing presidential campaigns in the US:
âFor the first time in United States history, crypto has become a significant campaign issue in a presidential election.â
Additionally, SEC crypto enforcement hits $4.7 billion this year, rising 3,000% from 2023. The SEC has imposed nearly $4.7 billion worth of enforcement actions against crypto firms this year â jumping over 3,000% from 2023.
I remain bullish in this scenario, what do you think? đ