As the U.S. election approaches, concerns rise regarding its potential impact on cryptocurrency. Experts believe that major financial institutions, collectively known as TradFi, are unlikely to withdraw from crypto, irrespective of the election outcome. Many traders speculate that a Trump victory could boost digital asset prices, while a win for Vice President Kamala Harris might have a negative impact. Nonetheless, initiatives like Swift's partnership with UBS and Chainlink signal continued institutional engagements in crypto. Institutional adoption of digital assets is expected to persist globally, regardless of the election results. A Trump win might accelerate the introduction of new exchange-traded funds (ETFs) and expand stablecoin usage. Conversely, a Harris victory could slow down adoption due to tighter regulations, although institutional interest is likely to remain. Regulatory clarity is crucial for large institutions, and uncertainties about Harris’s stance could lead to cautious approaches to crypto investments. Overall, despite election-induced volatility, the advancement and institutional interest in blockchain technology continues, focusing on providing better financial services, especially for underserved populations.

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