What Trump's Election Win Means For Crypto

Contributing sentiments towards policy:

61% : At the Bitcoin conference in Nashville in July, Trump floated the idea of establishing a federal Bitcoin reserve, and stressed the importance of bringing more Bitcoin mining operations to the U.S.Read More: Inside the Health Crisis of a Texas Bitcoin TownPerhaps most importantly, Trump vowed to oust Gary Gensler, the chair of the Securities and Exchange Commission (SEC), who has brought many lawsuits against crypto projects for allegedly violating securities laws.
55% : (For example, Polymarket gave Trump a 62% chance of winning on Nov. 3.)
52% : But if Trump succeeds, a change to SEC leadership could allow many more crypto products to enter mainstream financial markets.
45% : And it's unclear how dedicated Trump actually is to crypto, or whether he will follow through on his pledges to the industry.
42% : Trump spoke glowingly about crypto this year on the campaign trail, despite casting skepticism upon it for years.
34% : Gensler, conversely, argued that it was his job to protect consumers from the massive crypto collapses that unfolded in 2022, including Terra Luna and FTX.Gensler's term isn't up until 2026, and it's unclear if Trump has the authority to fire an SEC chair.
34% : And on election day, before any major results had been tabulated, prediction markets swung heavily towards Trump; the odds of Republicans sweeping the presidency, house and senate jumped to 44% on Kalshi.
27% : Many crypto fans supported Trump over Harris for several reasons.
7% : For weeks, prediction markets had been far more favorable toward Trump than the polls, which portrayed Trump and Harris in a dead heat.

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