Alex Svanevik, CEO of blockchain analytics platform Nansen, expressed his views on the potential impact of the 2024 US presidential election on the cryptocurrency industry in an interview at the Token2049 conference. Svanevik said that if Trump wins, it will have a positive impact on the US cryptocurrency industry because he is the most supportive candidate for cryptocurrency.
On the contrary, if Harris is elected, it may continue the current government's relatively unfriendly policies towards the cryptocurrency industry. However, Svanevik pointed out that Harris's election may be beneficial to cryptocurrency businesses outside the United States, as US companies may move their businesses overseas. He revealed that founders and CEOs have said that if Harris wins, they will consider relocating their businesses. Svanevik emphasized that from a global perspective, non-Americans may be more supportive of Harris's election because it will prompt more crypto businesses to move outside the United States. (Cointelegraph)