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What would a Harris presidency mean for crypto policy?

The crypto sector’s influence has grown significantly over the past year, making the potential impact of the upcoming presidential election on the market a key topic of debate among investors.

According to TD Cowen analysts, both Kamala Harris and Donald Trump are viewed as more favorable for the industry than Joe Biden.

Harris is viewed as likely to approach crypto with caution, prioritizing investor protections, whereas Trump may defer to his financial regulators, as crypto is not expected to be a personal focus in a potential second term.

“We view Kamala Harris as more open to crypto and digital assets than Joe Biden, though we do not view this as a priority and believe the industry could continue to face hostile regulators,” TD Cowen analysts said in a note.

When comparing Trump to Harris, the situation is more nuanced.

Recently, Trump has positioned himself as a crypto advocate while courting the industry’s support. However, TD Cowen emphasizes…
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