Bitfinex analyst: Trump's election will be conducive to the change of the regulatory environment of the US cryptocurrency industry

Odaily News In response to the ongoing first televised debate between Biden and Trump, Bitfinex analysts said that if Trump can be elected in November, it will mean that the regulatory environment for the US cryptocurrency industry will become more favorable. During the campaign, Trump showed his support for Bitcoin and other cryptocurrencies, which contrasts with the more cautious and regulatory attitude of the current administration. The Trump administration is likely to prioritize the establishment of a clear and pro-innovation regulatory framework to encourage innovation and investment in the cryptocurrency industry. Moe Vela, a former senior adviser to Joe Biden, said that the audience of the debate is more concerned about which candidate is physically, mentally and perhaps morally more suitable for the presidency. This debate is more about the contrast of personalities, different leadership styles, and two octogenarians trying to prove their vitality, energy and feasibility.