Crypto venture capitalists are seeing a “change in political tenor” in the United States but still anticipate that the November election’s results could have major implications for the industry.
There are signs of a more level playing field for digital assets following a prolonged crackdown on companies and their founders. However, the industry may need more time Cosmo Jiang, managing partner at Pantera Capital, witnessed many blockchain-based businesses move overseas in recent years. “Although currently crypto is being talked about in a more positive light in both campaigns, one side has felt more “reactionary” in their shift, only turning positive after it became more popular , and only going so far in their support. So, we do think that different election outcomes can have different consequences.”Despite uncertainty over the presidential election’s impact on the industry, venture firms aren’t working on contingency plans.
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