FalconX Head Projects Bright Crypto Future Under Possible Biden-Harris Administration

IconCryptoNewsTerminal Staff01 Aug, 2024

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FalconX Head Projects Bright Crypto Future Under Possible Biden-Harris Administration

Institutional crypto prime brokerage FalconX’s global head of business development, Austin Reid, told The Block that a potential Biden-Harris administration could be “incrementally more positive” toward cryptocurrencies than a second Trump term. He added that “there’s a lot of upside if the U.S. gets more regulatory clarity and has a pro-crypto president, which is not something that’s priced in right now.” Meanwhile, crypto analyst Noelle Acheson told The Block: “Less hostile regulation in the U.S. would be a clear positive for crypto markets. Personally, I think the erosion in Trump’s poll numbers has been one of the factors behind the recent weakness in BTC. The real kicker, though, is that few seem to believe Harris would take a pro-crypto stance.”

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