🚨 Congress changes hands, and BlackRock had just five words: “Not really, to be honest.”
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Before the election results were even in, BlackRock’s head of digital assets, Robert Mitchnick, was asked at an ETF investor forum in New York whether the outcome would affect product launches and fund flows.
His answer: “Not really, to be honest.”
That same day, Grayscale’s head of research, Zach Pandl, offered a similar take: crypto’s future depends more on overseas demand and adoption by major financial institutions than on Washington.
Grayscale cited a striking figure: 80% to 85% of global crypto activity takes place outside the United States. Its examples included the growing use of dollar-backed stablecoins in South America and Southeast Asia.
As for the CLARITY Act, reality is less encouraging: it failed to advance even in September, when Republicans controlled both chambers; when Democrats take over next January, many industry insiders believe the bill has little chance of passing in its current form. Still, some see a possible opening—more than 70 House Democrats had previously supported it, with disagreements still centered on stablecoin rewards, consumer protection, and Trump’s crypto interests.
Mitchnick’s reasoning is worth remembering: the regulatory clarity already in place for Bitcoin and Ethereum is enough to support investment products; and the more adoption and real-world use cases grow, the more this becomes a bipartisan issue.
What’s really worth watching is the shift in where power lies: from “wait for U.S. legislation” to “no need to wait—just get started.”
Legislation can stall in Congress, but capital won’t stand still.
Do you think the U.S. will lose influence in crypto after this election? Let’s discuss in the comments 👇
Tap my profile to watch the livestream + join my fan group for daily strategies 🚀
#比特币 #ETF #InstitutionalCapital
Group: 邀请您加入我的群组 悟空粉丝群
Before the election results were even in, BlackRock’s head of digital assets, Robert Mitchnick, was asked at an ETF investor forum in New York whether the outcome would affect product launches and fund flows.
His answer: “Not really, to be honest.”
That same day, Grayscale’s head of research, Zach Pandl, offered a similar take: crypto’s future depends more on overseas demand and adoption by major financial institutions than on Washington.
Grayscale cited a striking figure: 80% to 85% of global crypto activity takes place outside the United States. Its examples included the growing use of dollar-backed stablecoins in South America and Southeast Asia.
As for the CLARITY Act, reality is less encouraging: it failed to advance even in September, when Republicans controlled both chambers; when Democrats take over next January, many industry insiders believe the bill has little chance of passing in its current form. Still, some see a possible opening—more than 70 House Democrats had previously supported it, with disagreements still centered on stablecoin rewards, consumer protection, and Trump’s crypto interests.
Mitchnick’s reasoning is worth remembering: the regulatory clarity already in place for Bitcoin and Ethereum is enough to support investment products; and the more adoption and real-world use cases grow, the more this becomes a bipartisan issue.
What’s really worth watching is the shift in where power lies: from “wait for U.S. legislation” to “no need to wait—just get started.”
Legislation can stall in Congress, but capital won’t stand still.
Do you think the U.S. will lose influence in crypto after this election? Let’s discuss in the comments 👇
Tap my profile to watch the livestream + join my fan group for daily strategies 🚀
#比特币 #ETF #InstitutionalCapital
