Despite the absence of Bitcoin or crypto discussions in the recent presidential debate between Donald Trump and Joe Biden, experts are optimistic about the potential for a more favorable regulatory environment for the crypto industry if Trump is re-elected. Bitfinex analysts have highlighted Trump's support for Bitcoin and other cryptocurrencies, suggesting that his administration could establish a "clear and supportive" regulatory framework to promote "innovation and investment" in the crypto sector.

This could lead to increased adoption of digital assets and stronger integration of cryptocurrencies into the financial system, potentially driving further industry growth. Notably, several industry players, including the Winklevoss twins and Kraken founder Jesse Powell, have publicly backed Trump, contributing significantly to his campaign.

Analysts believe that such support indicates a growing perception of Trump as a pro-innovation candidate within both the crypto and traditional finance communities. Trump's recent public endorsement of Bitcoin and acceptance of crypto donations for his campaign underscore his shift from a previously critical stance to a more favorable view of digital assets.

Bernstein analysts suggest that crypto could become the primary 'Trump Trade' in the current election cycle as Republican prospects improve and their standard bearer increasingly embraces a pro-crypto stance. The Republican side views a favorable stance on the industry as a way to attract voters and secure campaign funding from super PACs that support pro-crypto politicians.