Matthew Siegel laments: the current White House administration led by President Joseph Biden is preventing the crypto market from developing. Officials are creating barriers for financial institutions trying to become part of the Web3 market, and do not want banks and brokers to work with cryptocurrencies.
The outcome of the upcoming presidential election will have a major impact on the virtual asset industry, believes Matthew Siegel. If Donald Trump wins, the crypto industry of the American economy will be able to count on government support, believes a top manager of an investment company.
VanEck's head of digital asset research says his company recognized Bitcoin's potential long ago, prompting it to apply to launch a spot Bitcoin ETF. However, the US Securities and Exchange Commission (SEC) prevented the launch for a long time, which is proof that the current US authorities are opponents of the crypto market.
Earlier, the investment company Paradigm conducted a survey of cryptocurrency owners about who they would like to see as the next President of the United States. It turned out that Donald Trump appealed to those surveyed more than Joseph Biden.
Source: Bits
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