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Will U.S. Election Change Crypto? Maybe, but TradFi Giants Likely to Plow Ahead Regardless

cryptovert November 6, 2024 1 min read

Echoing
his
sentiment,
Markus
Levin,
co-founder
of
XYO
Network,
the
world’s
first
blockchain
geospatial
oracle
network,
said:
“If
pro-crypto
candidates
win
out
in
these
elections,
then
we
would
see
not
only
broader
institutional
adoption
in
the
United
States
but
also
international
organizations
like
the
IMF
and
World
Bank
really
warming
up
to
crypto
in
a
way
that
we
just
haven’t
seen
yet.”

On
the
other
hand,
a
Harris
win
may
slow
down
the
pace
of
adoption
due
to
a
more
restrictive
regulatory
regime.
(The
Biden
administration
that
she’s
served
in
since
2021
has
tended
to
be
highly
restrictive
on
crypto.)
“If
Harris
were
to
win,
I
still
think
institutional
adoption
would
happen.
But
it
would
happen
more
gradually,”
said
Levin,
pointing
out
that
the
Democrats
are
slowly
coming
around
to
crypto,
including
Harris
herself,
which
means
“it
will
just
take
more
time
for
growing
this
Democratic
support
for
the
industry
to
have
a
material
impact
on
the
broader
crypto
market.”

Continue Reading

Previous: Bitcoin Price Crushing Altcoins Heading Into U.S. Election. Is There an Alt Rally Coming After?
Next: Live Updates: Crypto and the 2024 U.S. Election

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