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How the 2024 U.S. Election Could Shape Crypto Regulation and Markets

Article Galaxy Research

Summary

The report assesses how the 2024 election results might change U.S. digital-asset policy and institutional participation. It expects a more supportive executive branch and Congress to influence bank regulators, the SEC and CFTC, and future legislation on market structure and stablecoins. It also considers energy policy as a potential benefit for Bitcoin miners and data centers.

The author links possible regulatory changes to wider access for banks, custodians, exchanges, and investors, including more spot products and onchain financial activity. These are forecasts based on the incoming administration’s personnel and campaign positions, not confirmed policy outcomes. The report also notes that legislation could move slowly if Congress prioritizes other issues, and that coordination between regulators may remain important. Its discussion is a political outlook published immediately after the election, with no quantitative market analysis establishing the effects it predicts.

Key ideas

  • The election outcome may shift federal regulators toward a more permissive approach to digital assets.
  • Banking guidance and leadership changes could affect whether large U.S. banks custody or interact with crypto.
  • Market-structure and stablecoin legislation remain central policy issues, though congressional priorities may delay progress.
  • Greater institutional access could expand custody, trading, tokenization, and onchain financial activity.
  • The report presents expectations rather than settled policy or measured market effects.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.