As the 2024 US election unfolds, the impact on cryptocurrency policies and regulations is under intense scrutiny. With control of both chambers and the White House up for grabs, the future of digital assets hangs in the balance. Democrats currently hold a slim majority in the Senate, but with 34 seats up for grabs, the outcome remains uncertain.
The House wields significant authority in shaping legislation affecting the crypto industry and overseeing regulatory bodies like the SEC. Analysts are closely monitoring how election results could shape the future of crypto regulations.
Meanwhile, the decentralized prediction market Polymarket witnessed a record-breaking $18 million bet on Donald Trump, hinting at the high stakes involved in the election outcome. As both candidates make their final bids in key swing states, the crypto community awaits the election results with bated breath.
