It's funny that in this election, presidential candidates finally realized that cryptocurrency enthusiasts in general and Bitcoin in particular are an influential electoral force. And it looks like the Republicans were the first to realize this. Perhaps Trump had consultants - political strategists, election specialists who recommended that he pay attention to cryptocurrencies, because this is the part of the voters that remains unattended.
At their ages Biden and Trump will have their last Presidency if wining the next election. What will happen with the nation, with the act, law and regulation on Bitcoin and cryptocurrency next 5 years, after a next presidency ends, possibly is not too important with them. But for this coming President Election, they know the importance of showing their support on this market. Do they actually support it or only want to show off to get more votes?
We will know after one of the two takes the President role next year.
Moreover, the Democrats, through the SEC head Harry Gansler, who is loyal to them, are putting pressure on cryptocurrencies and this has certainly now become their weakness in these elections. We all saw the news that the Biden campaign was looking for an expert on cryptocurrencies, even, in my opinion, on memes, to make it part of its election agenda. But so far, in this sense, the Democrats are clearly lagging behind the Republicans.
It's bad for the market and this industry recent years with very aggressive regulation of SEC under Gensler. It has come to the end with approvals for Bitcoin Spot ETFs and Ethereum Spot ETFS.
I really hope that the trend will continue, and cryptocurrency market and industry will be treated more friendly next four years.