U.S. Crypto Policy: Candidates' Positions and Future Outlook

The crypto industry anticipates positive changes with a new administration open to collaboration and regulatory reform.

### Crypto Policy Perspectives: Candidates' Approaches and Industry Challenges
* 🤔 Multiple attempts have been made to clarify the candidates' policies on cryptocurrency, with notable frustrations directed at the **Biden administration's tech focus**.
* 🤝 The partnership with Harris X aims to address **"regulation by enforcement,"** advocating for **new laws to replace the current enforcement-based approach**.
* 🔄 Donald Trump has shown a significant shift in his stance on crypto, expressing **clear priorities and plans to replace SEC Chairman Gary Gensler immediately** if elected.
* 💬 While Kamala Harris has not defined her crypto policies with precision, she has shown **openness to dialogue with the tech community** and **positive remarks about cryptocurrency**.
* 📊 A recent Harris X survey indicates that **two-thirds of voters believe Congress should act before the SEC takes regulatory action**, highlighting bipartisan support for a **pro-crypto stance**.
* 📉 The U.S. crypto industry is facing challenges, with companies **relocating overseas due to regulatory risks** and over **100 enforcement actions resulting in substantial legal fees**.
* 💼 The upcoming Congress is viewed as a **pivotal opportunity for establishing a supportive regulatory framework** that could help **retain crypto businesses in the U.S.**
* 🔮 Regardless of the election outcome, there is optimism for a **productive Congress** and a new administration more willing to **collaborate with the crypto industry**.

Crypto's Impact on the 2024 US Election

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Both candidates' surrogates have been asked for clear definitions of their crypto policies.

The Biden administration's focus on tech and crypto has led to frustration, while Trump has shown a significant change of heart and clear priorities for his administration.

Both candidates have the potential to bring about change in SEC leadership, with Trump planning to fire Gary Gensler on day one and Harris showing openness to the tech community and positive statements about crypto.

The Trump Campaign's Approach to Crypto Regulation

the leading place for crypto, but the policy details are unclear.

The campaign is pushing for a regulatory framework from Congress, with a focus on stopping regulation by enforcement.

There is a growing pro-crypto posture among candidates running for Congress, and the campaign is hopeful for new leadership at regulatory agencies to support the industry's needs.

The Struggles of the Blockchain Industry in the US

The blockchain industry in the US is facing significant challenges, leading companies to move overseas for operations.

The risky environment for launching new tokens and blockchain projects has resulted in over 100 enforcement actions and $400 million spent on legal fees.

The true impact of these struggles is the loss of jobs and opportunities for the US.

Observations on the Current Political Scenario

The speaker is closely monitoring early voting and prediction markets, noting that Trump appears to be in the lead.

They acknowledge the difficulty in making accurate predictions and emphasize the importance of getting through the day.

Regardless of the outcome, the speaker believes a corner has been turned, leading to a productive Congress and a new administration more open to collaborating with the crypto industry.