Although the presidential election battle between Trump and Harris has attracted widespread attention in the cryptocurrency circle, BlackRock CEO Larry Fink firmly believes that the 2024 election will have little impact on the trend of Bitcoin.
At BlackRock’s third-quarter results online on Oct. 15, Fink noted that Bitcoin appears to be able to maintain its independence regardless of the election outcome. He expressed doubts about whether “either presidential candidates or other political forces can have a substantial impact on Bitcoin.”
Fink prefers to view Bitcoin as an "asset class" that can transcend global politics. He believes that the core driving force behind the development of cryptocurrency is liquidity and transparency, rather than regulatory policies.
This view further confirms his view that "the use of digital assets is becoming a reality around the world, regardless of location."
Trump has publicly expressed his intention to work with decentralized finance (DeFi) platform World Liberty Financial to issue currency.
At the same time, Vice President Kamala Harris also recently proposed cryptocurrency policy for the first time, aiming to strengthen the supervision of digital assets.
Trump and Harris' different attitudes towards cryptocurrencies seem to show that both parties have a certain degree of support for cryptocurrencies, and Fink's remarks have also caused people to think about the effectiveness of this propaganda strategy.
Despite Fink's views, the importance of regulation in the cryptocurrency space cannot be ignored, especially in the United States.
SEC Commissioner Mark Uyeda pointed out that the SEC is facing a "crisis" in cryptocurrency regulation due to a lack of clarity in guidelines.
The Bitcoin community shares this view, and the SEC has been criticized for its “enforcement first” strategy.
Critics argue that the SEC has failed to effectively regulate cryptocurrencies and has instead frequently sued major players in the industry.
In addition, a group of seven U.S. states has also questioned the SEC's Bitcoin regulatory policy. Led by Iowa Attorney General Brenna Bird, the states filed an amicus brief, stating that the SEC's attempt to regulate cryptocurrencies is a "power expansion" that will hinder innovation, harm industry interests and exceed its statutory authority.
The group believes that the current regulatory environment is too vague and punitive, which is not conducive to the healthy development of Bitcoin.
