As the 2024 US elections approach, cryptocurrencies are becoming an increasingly relevant topic of discussion, particularly amidst political and regulatory changes affecting the industry.
Crypto Events and Politics
In October, discussions at the Permissionless III conference in Salt Lake City and Ripple Swell in Miami focused heavily on the future of cryptocurrencies in the context of the upcoming election race between Kamala Harris and Donald Trump. Panels featured viewpoints from leading companies on what election results might mean for the development of the industry by 2025.
Election Impact on the Industry
Cryptocurrencies have become a central topic in American politics. Lauren Belive, head of Ripple's US public policy, noted, "modern policymakers are increasingly interested in the nuances of this technology." Jason Allegrante from Fireblocks added that many in the industry are frustrated with the politicization of technology in the US.
"Every single panel is talking about regulations," Lauren Belive added.CITE_W_A
Future of Crypto Regulation
Despite growing discussions on regulation, many believe that regardless of the election outcome, the cryptocurrency industry will receive significant attention. Blockchain Association CEO Kristin Smith stated that by 2025, Congress will see many new candidates with pro-crypto positions, enabling more constructive debates on the topic.
"Regardless of what happens in the elections, we will have a very significantly advanced debate around the crypto issues," Faryar Shirzad from Coinbase added.CITE_W_A
Cryptocurrencies have become a central element of the upcoming US elections. Their discussion in the context of politics and regulation on election platforms underscores their importance in the modern political agenda.