U.S. Elections and Encryption Assets: The Industry's Future Should Not Overly Rely on Political Promises

As the U.S. presidential election approaches, the encryption digital asset industry is closely monitoring the developments in the election situation. In this election, encryption assets have become an important controversial topic among candidates and are also one of the focal points of voter attention.

Comparison of Candidates' Positions

Trump has shown a clear supportive attitude towards encryption assets, having participated in the Bitcoin conference and proposed several related policy suggestions, including:

• Establish national BTC reserves
• Establish a Digital Asset Advisory Committee
• Oppose the Federal Reserve issuing central bank digital currency
• Create an encryption platform to promote stablecoins and DeFi applications

In contrast, Harris's position is relatively vague. She has stated that she wants to encourage innovative technologies, including digital assets, and her attitude is more open than that of the current government, but she has not yet proposed specific policy plans.

Industry Active Participation

The encryption industry companies have become one of the main donors in this election, with the scale of donations accounting for nearly half of the total corporate political contributions. The industry hopes to participate in the election to strive for a crypto-friendly policy environment.

Research shows that more than half of American voters have some understanding of encryption assets, and most believe that regulation is important for boosting investor confidence. 40% of voters say they are more concerned about candidates' encryption positions than in previous years, with two-thirds considering it as one of the factors in their voting.

Controversies in Existence

Although the industry's influence seems to be growing, opposing voices still exist. Some regulators believe that the encryption industry has fraudulent and speculative behaviors that could undermine investors' trust in the capital markets.

Some election experts also question whether the sudden rise in Trump's approval ratings may stem from the hype created by a small number of encryption speculators.

Long-term development should not overly rely on political commitments

Ethereum founder Vitalik Buterin reminds us not to blindly support candidates based solely on their current encryption-friendly attitudes. He suggests:

• Investigate candidates' past views on encryption to find consistency in their positions.
• Focus on the candidates' long-term vision for relevant topics, rather than short-term interests.
• Do not use "support encryption" as the sole criterion for choosing a political loyalty object.

Buterin emphasized that the future of encryption should be related to decentralization, rather than being limited to digital assets and blockchain. What we need is to support deeper goals, rather than a simple "support encryption" slogan.

As election day approaches, the competition between the two parties intensifies. For the encryption industry, it is important to adhere to its own value principles rather than overly relying on short-term political commitments. The long-term development of the industry requires deeper thinking and a more solid foundation.