Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Cryptocurrencies gain political attention ahead of 2024 US elections
ADOPTION NEWS

Cryptocurrencies gain political attention ahead of 2024 US elections

By Crypto FlexsNovember 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrencies gain political attention ahead of 2024 US elections
Share
Facebook Twitter LinkedIn Pinterest Email

just alvin
1 November 2024 16:50

As the 2024 U.S. election approaches, cryptocurrencies have emerged as a major political issue, increasing interest in swing states and sparking legislative action.





The 2024 US election has highlighted cryptocurrencies as a critical political issue, with both Republican and Democratic policymakers increasingly speaking out about their potential benefits. According to a16z crypto’s report, this shift is especially noticeable in key swing states like Pennsylvania and Wisconsin, where cryptocurrency-related searches have increased significantly.

Growing interest in swing states

Pennsylvania and Wisconsin, expected to be the most competitive states, saw the fourth and fifth largest surges in cryptocurrency interest since the 2020 election, according to Google Trends. Other states, such as Michigan, also saw significant growth, while Arizona and Nevada reported declines in interest.

Impact of cryptocurrency exchange trading products

The growing interest in cryptocurrencies can be partially attributed to the introduction of Bitcoin and Ethereum exchange-traded products (ETPs). These products have expanded accessibility to investing in cryptocurrencies, which currently hold $65 billion in on-chain assets. Although they are called ETFs, these financial instruments are officially registered as ETPs under SEC regulations.

legislative development

The SEC’s approval of the ETP marks an important policy milestone for the cryptocurrency industry. With bipartisan support, the House of Representatives passed the Financial Innovation and Technology for the 21st Century (FIT21) Act, which aims to provide regulatory clarity to cryptocurrency entrepreneurs. A pending Senate decision could further solidify this progress.

national initiative

At the state level, Wyoming has made progress with the Decentralized Unincorporated Nonprofit Associations (DUNA) Act, which grants legal recognition to Decentralized Autonomous Organizations (DAOs) and allows blockchain networks to operate without sacrificing decentralization.

Global regulatory environment

Internationally, the European Union is actively working on the Markets in Cryptocurrencies Act (MiCA), the first comprehensive cryptocurrency regulatory framework that will come into effect by the end of the year. The EU’s approach contrasts with the United States, where regulatory discussions are ongoing, particularly with regard to stablecoins.

Stablecoins and U.S. economic strategy

Stablecoins, primarily denominated in USD, have become a focus of US policy discussions. These digital assets have strengthened the international position of the U.S. dollar and quickly elevated it to become a significant holder of U.S. debt, surpassing some major foreign countries.

As countries consider central bank digital currencies (CBDCs), the United States faces a strategic opportunity with stablecoins. As more and more politicians join the cryptocurrency debate, the environment is ripe for developing comprehensive cryptocurrency policies and strategies.

For more insights, you can access the original report on a16z encryption.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025
Most Popular

Paying Student Loans with Bitcoin (Complete Guide)

December 1, 2023

The Daily: Crowdstrike’s massive IT outage, options traders betting on election upside, and more

July 19, 2024

The Stellar network evolves through Protocol 20 and smart contract activation.

February 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.