The Real Winner of the 2024 Elections: The Crypto Industry

Election 2024 coverage presented by
For the crypto industry, the elections in 2024 were a game changer. With 287 “pro-crypto” members of Congress and a president-elect who has proclaimed that the U.S. will be the “crypto capital of the planet,” the industry is poised to be on an accelerated path toward mainstream adoption. As market participants digest the potential impact, one thing is certain: a pivot from “regulation by enforcement” to a regulatory regime where clear, transparent and predictable rules are prioritized will be a major unlock for the space. The inevitable regulatory de-risking that will follow will open the door to a new class of markets, products and applications. Here are some verticals that could thrive in this new environment:
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Trump 2.0 and the bipartisan, pro-crypto Congress will usher in a brave new world for the crypto industry. A regulatory environment that encourages innovation, rather than stifles it, will finally give the institutions the confidence to enter the market. And entrepreneurs, no longer shackled by the threat of regulatory sanction or personal liability, will be free to focus on building. The future could not be brighter.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Edited by Alexandra Levis.
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Chris Perkins is President of CoinFund, a registered investment adviser with venture and liquid strategies, and member of the CFTC Global Markets Advisory Committee.