The U.S. Elections and the Encryption Asset Industry: The Game of Politics and Technology

As the U.S. presidential election day approaches, the encryption digital asset industry is at a critical juncture. In this election, encryption assets have become a clear point of divergence among candidates and a focal topic of ongoing controversy during the campaign.

Candidate's Position

Trump has shown clear support for the encryption digital asset industry. He has proposed several notable policy recommendations:

1. Establish national Bitcoin reserves
2. Establish a Digital Asset Advisory Committee
3. Prevent the Federal Reserve from creating a central bank digital currency
4. Create an encryption platform to promote the application of stablecoins and decentralized finance.

In contrast, Harris's position is relatively vague. She has expressed the desire to "encourage innovative technologies such as artificial intelligence and digital assets," and may adopt a more open attitude than the current administration. However, specific policy plans have not yet been announced.

Industry Participation

The encryption digital asset industry is actively participating in this election. According to reports, companies within the industry have become major corporate donors, with the scale of donations accounting for nearly half of all corporate political contributions in 2024. This reflects the industry's intention to influence future policy directions through the election.

A survey shows that more than half of American voters are familiar with encryption assets, and most believe that regulation plays an important role in enhancing investor confidence. Additionally, about two-thirds of voters stated that they would consider candidates' positions on digital assets before voting.

Critical Voices

Despite high industry participation, there are still voices opposing encryption assets. Some regulators believe that the encryption industry has issues of fraud and speculation, which may undermine ordinary investors' trust in the capital markets.

Long-term thinking

Ethereum founder Vitalik Buterin put forward a thought-provoking point: political positions should not be chosen solely based on who "supports encryption." He suggested focusing on candidates' long-standing attitudes toward relevant issues, as well as their vision for the future of technology, politics, and economic development.

Buterin emphasized that the future of encryption assets should be related to the concept of decentralization, rather than being limited to digital assets and blockchain. We need to support policies and candidates that can drive deeper goals.

As the election day approaches, the future direction of the encryption asset industry remains full of uncertainty. Regardless of the outcome, the industry needs to stay clear-headed and focus on long-term development rather than short-term political interests.