CandleFocus Live Updates: Crypto and the 2024 U.S. Election
2024-11-05
Author: Content Editor
The article discusses the impact of the divided Congress on the future of crypto legislation in the United States. Financial policy analyst Jaret Seiberg argues that a divided government is beneficial for the crypto sector as it creates a bipartisan regulatory structure that is likely to remain intact regardless of future elections. The article also highlights the uncertainty surrounding the 2024 presidential election, with polling-analysis operations unable to determine a clear outcome. The crypto industry's political action committee, Fairshake, focused its spending on congressional races, supporting candidates from both major parties. Specifically, it took a controversial risk in Ohio, backing a Republican challenger against Sherrod Brown, the Democratic chairman of the Senate Banking Committee. The article concludes by stating that the U.S. crypto industry is anxiously awaiting the election results, which will have implications for legislation and regulation in the sector.
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