The 2024 US presidential election marked a significant turning point for the cryptocurrency industry. Major candidates' positive remarks and policy proposals on cryptocurrencies demonstrated that digital assets are no longer a peripheral technology but have taken center stage in mainstream politics. In particular, former President Donald Trump's active support for cryptocurrencies and related policy proposals had a significant impact on the crypto community. His pledge to protect the crypto industry at the Mar-a-Lago speech spread like a meme, expanding positive perceptions of cryptocurrencies. Trump also made the radical suggestion of stockpiling Bitcoin in the US Federal Reserve.
The Republican Party publicly expressed its support for the cryptocurrency industry by including support for Bitcoin mining and self-custody cryptocurrencies in its party platform. On the other hand, Vice President Kamala Harris emphasized the need for cryptocurrency regulation while expressing her expectations for the potential of cryptocurrency technology.
As both major parties expressed interest in cryptocurrencies, cryptocurrencies emerged as a political issue. With the active activities of cryptocurrency-related startups and the increasing public interest in cryptocurrencies, cryptocurrencies have become a familiar investment tool for the general public, no longer just an asset for a minority of investors.
However, along with the growth of the cryptocurrency industry, discussions about regulation have also been active. In particular, concerns about cryptocurrency fraud and investment risks have raised the need for stricter regulations. To ensure the continued growth of the cryptocurrency industry, it is an urgent task to establish a reasonable regulatory system to protect investors and stabilize the market.
The election has placed cryptocurrencies in an important investment position, and the crypto industry is expected to grow even more in the future as the political environment changes.
