Potential Political Changes From 2024 Election: What's The Impact On Digital Assets?

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As the 2024 presidential race heats up, internal debates within the Democratic Party are drawing attention, particularly regarding Vice President Kamala Harris‘s potential candidacy. Recent polling data and betting odds suggest that Harris might have a more substantial chance against Donald Trump than President Joe Biden.

This development has sparked discussions about the potential regulatory impacts on various industries, including digital assets.

Harris vs. Biden: Polling Insights

Data from FiveThirtyEight revealed Harris might outperform Biden in several key swing states. Harris showed a better likelihood of securing votes against Trump in states such as Georgia, Nevada and Michigan. Swing states play a critical role in determining the outcome of presidential elections, making these findings particularly noteworthy.

Implications for Digital Asset Regulations

The Biden administration implemented numerous regulations to stabilize the digital asset market and prevent fraud. However, these measures have also increased compliance costs for digital asset companies.

Should Harris become the Democratic nominee and win the presidency, her administration might introduce additional regulatory policies. Harris has historically supported solid financial regulations, which could extend to the cryptocurrency market.

Future of Digital Assets Event: A Forum for Dialogue

The potential changes in regulatory policies will be a topic at Benzinga’s Future of Digital Assets event on Nov. 19 in New York City. This event will bring together digital asset innovators and institutional investors for a day of networking and discussions about the future of money.

With 1,000 capital markets leaders and 4,000 one-on-one meetings, the event offers a unique opportunity for stakeholders to explore the implications of potential political shifts.

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• Biden Vs. Trump: New Polls By Democratic Pollsters Show Incumbent Faces Uphill Task, Flag This Combo Ticket As Best Option For Dems

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