The US election is just around the corner, and the crypto industry is holding its breath. The outcome will significantly impact cryptocurrencies, particularly when it comes to regulation, taxation, and mainstream integration. As Kamala Harris and Donald Trump face off, their stance on crypto will shape the future of this dynamic sector ¹.

*Crypto Regulation: A Key Issue*

The regulatory landscape for crypto in the US is still evolving. Currently, various government agencies employ different strategies to regulate different aspects of the industry. The Securities and Exchange Commission (SEC) views many cryptocurrencies as securities, while the Commodity Futures Trading Commission (CFTC) considers certain cryptocurrencies, like Bitcoin and Ethereum, as commodities ¹.

*Key Legislation to Watch*

Several bills are pending, which will significantly impact the crypto industry. These include:

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- *FIT21 Act*: Provides a comprehensive regulatory framework, giving the CFTC greater authority over digital assets.

- *BRIDGE Digital Assets Act*: Establishes a joint advisory committee consisting of SEC and CFTC members.

- *Responsible Financial Innovation Act*: Focuses on consumer protection and combating illicit finance.

- *Digital Asset Anti-Money Laundering Act*: Addresses concerns about money laundering and illicit finance in the digital asset space ¹.

*The Candidates' Stance on Crypto*

Kamala Harris has expressed support for the crypto industry, stating that her administration would establish rules for digital assets. Her opponent, Donald Trump, has also shown support for crypto-friendly policies ¹.

The crypto industry is influencing the US election, with prominent figures and companies donating to crypto-friendly candidates. The outcome of the election will have far-reaching implications for the crypto market, and the industry is eagerly awaiting the results ¹.