Golden Finance reports that Cosmo Jiang, a portfolio manager at investment firm Pantera Capital, said: "Due to the poor regulatory environment in the United States, opportunities have shifted overseas in the past few years. "As the United States continues to make progress, this shift will come back and our capital allocation will shift with it." In addition, according to a person familiar with the matter but not authorized to speak publicly, London-based cryptocurrency custody company Copper Technologies Ltd. is considering refocusing on the U.S. market if Trump wins. According to the Financial Times, advisers to U.S. Vice President Kamala Harris are seeking to reestablish ties with the industry, and Republican presidential candidate Donald Trump is seeking donations and votes from the industry and promising to make the United States the "global cryptocurrency capital," in part by firing Securities and Exchange Commission Chairman Gary Gensler. These trends indicate that the center of gravity of cryptocurrency is tilting further toward the United States, a shift that began with the successful debut of the first U.S. spot Bitcoin and Ethereum ETFs this year.