, founder and CEO of Galaxy Digital, has expressed his optimism about the future of cryptocurrency regulation in the United States. According to the exec,
the industry is poised for positive regulatory changes, regardless of who wins the upcoming presidential election.In a recent conversation with CNBC’s ‘Squawk Box,’ Novogratz said,“No matter who wins the next election, we’re going to get positive crypto legislation – I know that.” This highlights the significant role cryptocurrency is playing in the 2024 presidential election. In fact, a“Crypto has solidified its place in America’s financial future and in the 2024 presidential election.”Recognizing the rise of crypto voters in the United States, former President Donald Trump has been vocal about his pro-crypto position. He has even started accepting cryptocurrency donations for his presidential campaign.
This, in sharp contrast with President Joe Biden’s approach to crypto, which many believe is influenced by SEC Chair Gary Gensler’s continuous scrutiny of various crypto firms.Providing more insights on the current status quo of crypto regulations in the U.
The contrasting views on crypto held by Biden and Trump seem to have swayed voters more towards Trump.prediction market data, which shows Trump leading with 63% of votes in the Presidential Election Winner 2024 poll, compared to Biden’s 15%.However, if we look at the impact on memecoins inspired by the two presidential candidates, many of them are going through a bearish phase right now. This, despite Biden-inspired memecoins outperforming Trump-inspired ones.
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