- Market watchers predict that if the SEC's actions escalate, founders will flee overseas.
- Messari's founder argues that Trump is pro-crypto and could help the industry.
Due to the recent US SEC Wells decentralized exchange notification, Uniswap [UNI]stepped-up enforcement actions in the cryptocurrency space are worrying many U.S. construction contractors.
Coinbase CEO Brian Armstrong has gone on record as calling for the election of pro-cryptocurrency members of Congress. However, recent US Senate Banking Committee hearings on illegal financing of digital assets and Uniswap's enforcement notice have other players concerned.
Messari founder Ryan Serkis weighs which candidates can ensure cryptocurrencies survive in the West Inclined Donald Trump.
“If Secretary Borden is re-elected, President Warren will once again run America's financial services (her second shadow term). She will work to 100% destroy cryptocurrencies. To be honest, Trump is the person we need if we want to avoid a complete stranglehold on cryptocurrencies in the West. ”
Will President Trump be able to cool down the regulatory heat on cryptocurrencies?
In a previous interview, Mike Novogratz, CEO of Galaxy Digital, made similar comments about Trump being a supporter of cryptocurrencies.novogratz I got it.,
“I think you can make that argument[as a crypto supporter]because Trump is not in power right now.”
This means that Novogratz is 50-50 about Trump being pro-cryptocurrency, noting that Trump could change his stance on cryptocurrencies if he assumes power.
Nevertheless, some predict a mass offshore migration of most US crypto builders to safer jurisdictions such as Dubai and Singapore as law enforcement measures intensify.
In response to the enforcement action against Uniswap, Blockworks' Jason Janowitz, one of the most prominent DeFi builders in the United States, I got it. that;
“The SEC is pushing talented founders offshore. Hayden built Uniswap out of Brooklyn. The US government is currently directing future Haydens to be built in Dubai or Singapore. This must change soon or it will stifle innovation for years. ”
However, in response to SEC Chairman Gensler's actions, Messari founder I poked it Cryptocurrency numbers will support Trump in the final stretch.
“I'm hoping for a thank-you note or a quiet cocktail hour fist bump for correctly asserting and dangerously loud how corrupt this SEC is under Gensler (Liz Warren's 'Scheme').” not present. I want the people who write checks to sway the Senate, and I want the minority leadership to write checks for Mr. Trump. ”
Therefore, the November election will be extremely important for the US and the crypto industry.
