#MarketDownturn Kamala and Trump are now almost tied on the Kalshi betting platform, with 49% and 51% respectively.

When we talk about the result, we understand that Trump’s victory could be beneficial for the crypto sector, but what does this mean in concrete terms? And what can we expect from Kamala?

First, memes are likely to take a big hit. This does not only concern those associated with Trump and Musk, but the entire sector, as this is probably the first area that will be impacted by the new regulations.

Second, the DeFi sector of cryptocurrencies is unlikely to be affected as much. Biden, who is also a Democratic president, has not brought about major changes in this area. Although many political actors have promised regulations, the crypto market continues to resist.

So I believe that if Kamala wins, a significant portion of liquidity could shift away from memecoins to more traditional crypto assets.

Ultimately, no matter who wins this election, it seems likely that altcoin season will eventually arrive.