Elections in the US and crypto business

Perhaps the most intriguing and anticipated global event is the election of a US president. Now in the media it is seen as something super-important, that will determine the development of civilization for the foreseeable future.

Is that so?

Let’s not get into big politics, just see how this election affects our crypto business.

First of all, both candidates are not crypto-skeptics, although they cannot be called crypto-enthusiasts. Trump’s team is played by Elon Musk, which gives extra points to the crypto, although it is far from certain that he will be able to influence the processes in case his candidate wins. 

I’m not particularly optimistic about the rapid positive changes. Can we expect a relaxation of SEC control? Hardly. Trump may slow down the development of a CBDC, but it is unlikely to affect the crypto business. You can allow the issuance of an ETF for new cryptocurrencies, but it is unlikely to cause a market rush.

Crypto is becoming more integrated into the global economy, and it will be influenced by economic processes. To solve the world economic problems is extremely difficult, so the development of crypto business will be largely determined by spontaneous processes.

#SEC #Crypto #Elon_Musk #CBDC