You might not say it, but politics has become increasingly important to the world of cryptocurrencies in recent years. A few years ago, politicians could completely ignore the market, but now that is absolutely no longer the case. The CEO of a major lobby group thinks the next president of the United States will be pro-crypto.
Joe Biden successor turns pro-crypto?
Chamber of Digital Commerce CEO Perianne Boring was last week featured on CNBC. Here she stated that the growth of the crypto industry is exactly why the industry can no longer be ignored. They refers in a study by Grayscale, which finds that one in five voters in the United States invests in crypto.
More than half of the expected voters in the upcoming midterm elections early next year would vote earlier if a candidate takes crypto into account. This group is also considering including crypto policies when voting. In fact, 79% of all Americans want clearer crypto policies.
This indicates that cryptocurrencies such as bitcoin (BTC) are probably already so important that politicians will have to take it into account in the long run. Indeed, digital assets are clearly a way to win votes, and that is what politics is all about. Boring also emphasizes that promoting is completely independent of which party people prefer to see in government.
“Recent polls show that digital assets are becoming increasingly important to voters. 1 in 5 registered voters today own #crypto,” says @PerianneDC. “The 2024 election, the candidate that’s able to figure out how to leverage blockchain is going to be your next president.” pic.twitter.com/fAk5XrnNYY
— Squawk Box (@SquawkCNBC) Nov 4, 2022
Bitcoin and crypto regulation US are lagging behind
Many countries have become increasingly progressive in their crypto regulation in recent months and years. For example, the new Prime Minister of the United Kingdom, Richi Sunak, is an outspoken advocate of crypto. But the US Securities and Exchange Commission (SEC) is still very cautious. For example, it believes that the market is not as decentralized as we like to think.
Also, the SEC is not a fan of Non-Fungible Tokens (NFTs). The policymaker is investigating whether Bored Ape Yacht Club developers Yuga Labs has not unlawfully sold its NFTs as shares. In any case, a lot can improve if the US government becomes ‘pro-crypto’.