The US election will not likely deter traditional finance (TradFi) institutions from adopting cryptocurrencies, according to experts in the industry. Large financial institutions, such as Swift and Citigroup, have announced partnerships and developments in the crypto and blockchain space, indicating their long-term commitment to the industry. The outcome of the election is expected to impact the pace of adoption rather than stop it altogether. If President Trump is re-elected, there may be an acceleration of adoption, with the introduction of new exchange-traded funds (ETFs) and the use of stablecoins for payments. On the other hand, a victory by Vice President Kamala Harris may result in a more gradual adoption due to a potentially more restrictive regulatory environment. Altcoins could face intense regulatory scrutiny under a Harris administration, slowing institutional adoption in the US. However, regardless of the election outcome, the crypto industry has continued to advance and gain the attention of traditional financial institutions. The value of crypto in providing financial services to the underbanked remains a driving force behind innovation in the industry.



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