Bankless The 2024 Presidential Election Breakdown With Alex Thorn
25 snips
Nov 6, 2024 
Alex Thorn, Head of Research at Galaxy Digital, provides sharp insights into how the recent Republican victories could reshape the crypto landscape. He discusses the explosive price action in cryptocurrencies and examines the potential for new legislation. A highlight is the role of Polymarket in election analysis, showcasing crypto's growing political influence. Thorn also delves into the implications of SEC actions and the need for clearer regulations, emphasizing the importance of crypto advocacy in a shifting political context.
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Crypto's Golden Era
- A Republican sweep is game-changing for crypto in the US.
- Expect a surge of crypto entrepreneurs returning to the US.
Landslide Significance
- The landslide victory's significance lies in its clear mandate and avoidance of legal battles.
- Prediction markets like Polymarket diverged from mainstream media forecasts.
Moreno's Victory
- Bernie Moreno unseated Sherrod Brown in Ohio's Senate race, backed by significant crypto funding.
- This win demonstrates crypto's growing political influence.