Coinbase Institutional Market Call
Kara Calvert on US Crypto Policy, BTC Price Action, and Onchain Trends
Oct 29, 2024
Kara Calvert, Coinbase’s Head of US Policy, shares insights on how the upcoming US election could shape crypto regulation, considering political scenarios like Trump versus Harris. Joshua Pak discusses BTC price movements, CME open interest, and spot ETF inflows. David Duong analyzes earnings from major firms and key economic indicators. David Han highlights growth in on-chain DEX volumes, especially Solana's rise. Insights on policy shifts and crypto community mobilization during elections round out this captivating discussion.
36:49
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Quick takeaways
- The upcoming US elections could significantly reshape crypto regulation, with contrasting approaches anticipated under different administrations like Trump and Harris.
- Bitcoin's recent price surge ahead of the elections highlights investor optimism, driven by significant ETF inflows and its perceived value as an inflation hedge.
Deep dives
Impact of Crypto on US Elections
The upcoming US elections have sparked considerable interest from the crypto community, indicating that cryptocurrency is now a factor in political discourse. Organizations like Stand With Crypto have mobilized nearly 1.8 million advocates, preparing for direct engagement with policymakers and voter turnout efforts. In key swing states like Georgia and Arizona, the number of crypto advocates has the potential to exceed the electoral margins from previous elections, showcasing the growing influence of this demographic. The active involvement of crypto owners in the electoral process demonstrates the broader implications of regulatory decisions on the political landscape.
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