No matter who is elected, it is a positive sign
Democratic Party: Prudent regulation, gradually shifting to neutrality
Under the leadership of the Biden administration, the Democratic Party has adopted a cautious regulatory approach towards the cryptocurrency industry, aiming to improve regulations and maintain market order. From the Executive Order on Ensuring Responsible Innovation in Digital Assets to strict enforcement against cryptocurrency companies like Binance, the Democratic Party's regulatory stance has gradually shifted from aggressive to neutral. Especially in 2024, facing election pressure and market signals, there is a divergence within the Democratic Party regarding cryptocurrency, with more and more lawmakers recognizing the economic and technological value of the crypto industry, sending out friendly signals.
Republican Party: Active commitment, full support
Unlike the Democratic Party, the Republican Party has shown an extremely rare optimistic and friendly attitude towards the cryptocurrency industry. The Trump campaign not only accepts cryptocurrency donations but also supports several favorable policies for crypto in the official party platform. Trump himself has repeatedly expressed support for Bitcoin and the crypto industry in public, promising to provide more power resources to Bitcoin miners and promote a fairer and clearer regulatory framework. Even the Trump family has begun to refresh its presence in the crypto field, launching crypto projects and fully supporting the development of the crypto industry.
