Potential Impact of the 2024 U.S. Election Results on the Crypto Sector
Date: 11/06/24
The election of Donald Trump to a second term as President signals the potential for a fundamental shift in the U.S. regulatory landscape for users of crypto assets and blockchain technology across a variety of sectors, including gaming, art and entertainment, decentralized physical infrastructure networks (DePIN), social media, and perhaps most importantly, financial services. Under a second Trump Administration, with anticipated Republican control of key agencies, the Senate, and a potential GOP majority in the House, we expect a marked departure from the Biden Administration’s approach to crypto asset regulation and banking supervision. This could include a revival of more open-minded stances toward crypto similar to those seen during Trump’s first term.
An expanded version of this memorandum was republished by Law360 and Columbia Law School’s Blue Sky Blog.
CGR Memo - Potential Impact of the 2024 U.S. Election Results on the Crypto Sector (pdf | 230.24 KB )