On U.S. Election Day, the outcomes of the presidential race and congressional control will influence cryptocurrency regulations significantly. The election is marked by competitive races with potential implications for crypto legislation. The next president will appoint regulators and advocate for crypto regulations, affecting market dynamics for years. If one party gains full control, legislative progress may stall until 2025. Several legislative options are in play, including the FIT21 bill and a yet-to-be-introduced Senate bill. Bipartisan support is crucial for the passage of any crypto-related legislation. Significant financial backing from industry groups is evident in key Senate and House races across the nation. However, despite the importance of these elections for crypto, surveys indicate that many voters do not consider cryptocurrency a primary issue, overshadowed by broader economic concerns and policy proposals from the candidates.

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