Following the election, the US crypto business expects a change in regulations.

 The cryptocurrency sector is preparing for a potential shift in U.S. regulatory policy, with industry leaders optimistic about a more favorable stance from the government, irrespective of the incoming administration. After years of regulatory challenges under President Joe Biden, crypto firms are hopeful that the next administration will provide greater support for digital assets. Prominent companies like Bitwise and Canary Capital are actively innovating new products, while others are gearing up to advocate for pro-crypto legislation in Congress.

Both presidential candidates, Donald Trump and Vice President Kamala Harris, have shown a willingness to engage with the digital asset sector. Trump has even committed to being a "crypto president," whereas Harris, while less specific, has demonstrated support for digital innovation and safeguarding investors, which many within the industry interpret as a potential shift in regulatory attitudes. This view is echoed by Harris supporter Mark Cuban, who has pointed out her dedication to protecting crypto stakeholders.

Currently, the U.S. Securities and Exchange Commission (SEC), under Chair Gary Gensler, has adopted a tough approach to cryptocurrency, referencing the risks exemplified by incidents such as the collapse of FTX. Gensler’s leadership has seen numerous enforcement actions against prominent crypto exchanges, creating hurdles for the industry. Nevertheless, crypto leaders are confident that a new administration could lead to changes, including the possibility of reversing regulatory guidance that has discouraged financial institutions from engaging with cryptocurrencies.

This scenario raises questions about equity in the electoral process, as it highlights that Wyoming, the smallest state with under 600,000 residents, would carry the same weight in presidential elections as California, which has nearly 40 million people (with Wyoming contributing three electors and California contributing 54). Furthermore, the selection of the new president will also be influenced by the makeup of the House of Representatives, which will be determined in tandem with the presidential elections.