There can be only one. Reaction of crypto community to the US presidential debate

The recent debate between Kamala Harris and Donald Trump can perhaps be called epic. Mutual reproaches, barbs, and dubious promises were expected, but no less curious for the public. Contrary to the hopes of crypto market participants, the US Vice President and the billionaire politician ignored the topic of digital currencies.

Opinions on Polymarket were divided almost 50/50 in favor of both candidates. At the same time, the assessment of Harris’s likely victory increased, and Trump fell.

Investment banker Evgeny Kogan believes that “Harris wins without having to “bend over” to the crypto community.”

“Gary Gensler, the current head of the SEC, is expected to be promoted. He, as we know, hates crypto. Accordingly, we can expect tighter regulatory pressure on the crypto market even within the framework of ordinary operations,” the expert said.

In the long term, the decisions of any of the presidential race winners will affect the work of the entire industry. A policy friendly to crypto projects will help overcome the existing obstacles for financial institutions. Analysts believe this will allow the crypto business to compete fairly with conservative companies for institutional investments.