The 2024 US presidential election is seen as a critical moment for the cryptocurrency industry, with economists believing that Donald Trump's victory was in part due to his pro-crypto stance. Trump promised to position the US as the global hub for crypto, creating optimism within the industry. However, under the Biden administration, crypto faced what many described as "regulation by enforcement," which imposed significant costs on American companies. Moving forward, industry experts are calling for a focus on fostering innovation while protecting consumers and differentiating between technology and its applications. Some industry figures, such as Cardano co-founder Charles Hoskinson, have expressed skepticism about Trump's involvement in crypto, fearing it could create a more complicated regulatory environment. Trump's proposals for the industry include rolling back regulations and creating a national Bitcoin reserve, but analysts have raised concerns that his stance could be motivated by self-interest. Overall, the industry is hopeful that a Trump administration could bring more forward-looking policies and support for crypto.



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