Crypto policies will mean a lot to 'disillusioned' voters: Expert

Crypto will be on the ballot for the US presidential election come November. 2024 alone has been a big year for cryptocurrencies, as the Securities and Exchange Commission (SEC) greenlit spot bitcoin (BTC-USD) ETFs, and it becomes more likely SEC officials could approve spot ether ETFs tied to ethereum (ETH-USD).

Swan Bitcoin Chief Investment Officer Raphael Zagury comes onto Market Domination Overtime to talk about the crypto sphere's sentiment on the US election and policy proposals by regulators.

"It started with senators talking about bitcoin. Then we had more people talking about it. And now we have Trump coming in, and which was a surprise for most people even for some of us had been in bitcoin for a long time to hear him saying the positive things that he did," Zagury explains. "For people that are very disillusioned with a lot of things that are happening in politics, this could be a very substantial change."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

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Video transcript

I wanna get back to something you, you mentioned in the beginning when we were talking about politics and talking about the um focus that those in the crypto community have sort of zeroed in on this election.

Um What are you looking for in terms of the biggest policy change that you would advocate for, that would help the crypto industry?

Yeah, I think we're already seeing if I said, you know, in the past, if I told people that Bitcoin would become a topic of discussions among, you know, presidential debates, people would say it was crazy.

That would, and they did that this would never happen, that, you know, this was something that could never happen and it's happening.

It's started, you know, with senators talking about Bitcoin, then we had, you know, uh more people talking about it and now we have Trump coming in and which was a surprise for most people even, you know, for some, some of us had been in Bitcoin for a long time to hear him saying, you know, the positive things that, that he did.

Um You know, and as I said in the beginning, I think for people that are very disillusion with a lot of things that are happening in politics.

This could be, you know, a very substantial change.

Uh On top of all of that, if you just look, you know, like, uh the, the ETF S being approved, I think, started with a lot of uh uh a lot of these things.

Uh and the whole process of getting the, the Bitcoin ETF approved, you know, that, that, that was also, I think A F was hard to go through.

But the bottom line of all of this is that we're getting a lot of things that, you know, we've been looking for for a long time, which is getting more support, more clarity around the, you know, the, how you should hold Bitcoin, how you can wrap it.

And that's all positive, I think, and I think at the end of the day, even when we talk about an Ethereum ETF, I think all, all the ETF S they should be approved, what the, the SEC should be focusing more and more is what it was supposed to be focusing.

I think from the beginning, which is there, you know, what they started when we had the Securities Act 3433 and 34.

The whole goal was to, to provide better transparency, better disclosure, you know, prospectors that really highlighted the risks.

And I think that there's an opportunity here for the SEC to turn back to, to their original mandate and to help with that.

But overall, it's just very good and very positive to see the developments I think, you know, definitely heading in the right direction.