Blockchain Association’s Post

The upcoming presidential election is significantly influencing the #crypto market. Former President Donald Trump's pro-crypto stance and proposed legislative changes are creating a bullish environment. Here's a summary of the key highlights: ✅ Trump's Advocacy: A keynote speech at the Bitcoin 2024 conference and promises to support crypto innovation. ✅ Legislation Impact: Senator Cynthia Lummis proposes the U.S. government purchase 1 million Bitcoin. ✅ Bipartisan Support: Both major political parties are showing increasing support for digital assets. ✅ Bitcoin Halving: Reduced supply of newly mined Bitcoin traditionally supports higher prices. ✅ Introduction of Spot ETFs: New financial products attracting institutional and retail investors. ✅ Federal Reserve Rate Cuts: Anticipated dovish policies could boost investment in crypto. Explore with Jason Leibowitz how these factors are shaping the market. Read the full article on CoinDesk -> https://lnkd.in/er5pHe4A

Digital asset regulation is on the ticket this upcoming U.S. presidential election. Republican nominee Donald Trump has made crypto one of his major campaign themes (today, he announced his family plans to start a cryptocurrency platform called The DiFiant Ones). Democratic nominee Kamala Harris is currently “studying the issue,” and Senator Chuck Schumer (D-NY) recently told a Crypto4Harris crowd there’s a chance U.S. crypto legislation can happen this year. While that is unlikely (there’s simply not enough time before Congress breaks in December) what is clear is that Americans - whatever their political affiliation - want their elected officials to pass reasonable and sensible crypto regulation that protect users but also promotes innovation and ground-breaking technology. What's more American than that? The conversation is in full swing. Like a wise man once said: “You don’t need a weatherman to know which way the wind blows.” More from Coindesk:

Just came across some big news: Former President Trump has announced that, if elected, his first day in office would include an executive order aimed at transforming the crypto industry. This could mean major changes for how crypto is regulated and adopted in the U.S. It’s fascinating to see how politics and technology continue to intersect, especially in such a fast-moving space. What do you think this could mean for the future of crypto? #Crypto #Technology #Business #Innovation https://lnkd.in/gTyZYCew

US Can Get Crypto Regulations Right If They Act Now The US has a unique opportunity to set the standard for global crypto regulations, but timing is crucial. Acting now could solidify the US’s position as a leader in the digital asset space. This article highlights the importance of proactive and thoughtful regulatory frameworks that can foster innovation while protecting investors. The window for effective action is narrowing, and stakeholders must advocate for balanced regulations that support growth and security in the crypto market. Read more about the urgency: https://lnkd.in/g73sGc6q Vikara advocates for clear and consistent regulation in the US crypto market to enhance its traction. This article signifies a positive shift for the industry, as regulatory clarity can drive growth and innovation, ensuring a secure and stable environment for investors. #Vikara #DigitalAssets #Web3 #Crypto #RegulatoryLeadership #CryptoInnovation #MarketGrowth

Reshaping Crypto Regulations: A New Era in US Financial Policy The House Financial Services Committee is entering a transformative phase under the leadership of its new Chair, French Hill. Hill's focus is set on revamping the U.S. approach to cryptocurrency regulation by prioritizing the establishment of clear, comprehensive frameworks, as opposed to relying on enforcement-heavy tactics. This shift signals a significant change in policy direction with the potential to influence both domestic and global cryptocurrency markets. Hill’s vision emphasizes clarity and guidance over the reactive measures that have characterized past regulatory efforts. By fostering a more structured regulatory environment, the aim is to provide both consumers and businesses with the certainty needed to thrive in the burgeoning crypto landscape. This could lead to increased innovation and investment in the United States, aligning with broader financial trends and technological advancements. As the legislative landscape evolves, stakeholders are keenly watching the impact of these proposed changes. The focus on strategic regulation over punitive measures suggests an optimistic future for the crypto industry, promising a balance between security and innovation. How will Hill’s approach to crypto regulation impact your business or investments? #CryptoRegulation #FinancialPolicy #Innovation #USGov #Blockchain #InvestmentOpportunities

What a day! The Crypto articles are taking over the digital media today! And last night Forbes Magazine (at 9:44 p.m.) released an article by Alexandra Andhov, a contributor and lawyer entitled: Where Presidential Power Meets Digital Finance: A Constitutional Crisis in the Making? In the article he writes: "In an unprecedented move that has sent shockwaves through both political and financial circles, President-elect Donald Trump launched the $TRUMP cryptocurrency just four days before his second inauguration. Within 48 hours, the meme coin's value tripled from $20 to $70 per token, catalyzing over $24 billion in trading volume and pushing its market capitalization past $14 billion. While crypto enthusiasts celebrate this as a watershed moment for digital assets, the launch raises profound legal questions about the intersection of presidential power, securities law, and market integrity." Question: Does your Broker Dealer offer Crypto? (mine does!) Maram Alaiwat,CEP, MA, MEd

What's your position on crypto? ⚫ There appears to be a crypto craze in swing states! ↳ 40% of the registered voters (MI, OH, MT, PA, NV, AZ) said they wish political candidates talked more about digital currency ⚫ We want a free market: ↳ 48% said they don't trust candidates who interfere with crypto ↳ 30% would be likelier to support a crypto-friendly candidate ⚫ An alternate avenue to wealth: ↳ 47% have profited from their crypto investments (to date) ↳ 80% of registered voters (who value crypto as an issue) agree that "the current financial system favors elites over regular people” ⚫ Takeaway: "The recent poll conducted by Harris and DCG confirms what many in the industry have suspected —— digital assets have emerged as a significant issue in the upcoming election...... .....26% of voters indicate that they actively weigh political candidates' positions on digital assets when making decisions..." -Kristin Smith, CEO of Blockchain Association. _____ -- Digital Currency Group x The Harris Poll x Axios -- https://lnkd.in/eEkZvxkU

Trump's Pro-Crypto Legacy: Will It Endure? The crypto community keenly observed former President Donald Trump's administration as it embraced a pro-crypto stance, shaping a regulatory environment that favored innovation in blockchain technologies. As the dynamics of leadership shift, the key question remains: Can the policies put forth under Trump endure and influence future administrations? Industry leaders are now contemplating the resilience of these policies as they navigate a rapidly evolving financial landscape. The onset of President-elect Joe Biden's administration introduces uncertainty, with differences in regulatory perspectives likely to emerge. However, the growing importance of cryptocurrencies in the global financial ecosystem might ensure that core aspects of Trump's policies remain influential. For stakeholders and the crypto community at large, the focus is on advocacy and dialogue to push forward a balanced approach to regulation. Can the momentum be maintained to continue fostering innovation, while safeguarding against potential risks? What are your thoughts on the future of crypto regulations in the new administration? Will Trump's pro-crypto stance have a lasting impact? #CryptoRegulation #BlockchainInnovation #TrumpPolicies #FutureFinance #DigitalCurrency #CryptoCommunity

Favorable crypto regulation is expected in 2025, due to President-elect Trump's strong support. Lene Powell shared her views with Rhys Dipshan from Legaltech News on the impact of regulatory legitimacy for crypto on investor confidence and the potential risks of integrating crypto markets with traditional finance. https://lnkd.in/e6XSd8FP