The post Will The US Elections Affect BNB And Solana Or Can The Market Thrive Regardless of The Result? appeared on BitcoinEthereumNews.com.

With the US elections a month away, the crypto market is watching in anticipation, as a result, it can be triumphant or disastrous for crypto investment. Crypto regulations are a big bugbear for many, with opinions from all over the spectrum on the topic. Former president Trump has nailed his colors to the mast, while Democrat candidate Kamala Harris’ stance on crypto is less clear as she tries to lure the crypto pundits without alienating the rest of her voter block. Irony being that crypto is strong enough, and coins like BNB, Solana, and new meme coin Raboo will flourish regardless of who takes the win on November 5th.  BNB (BNB): Crypto regulations can stifle Binance BNB, the governance coin for Binance, is arguably the token most at risk from the US elections. Binance is the largest exchange platform in the world and has come under scrutiny of late. Binance founder Changpeng Zhao (fondly known as CZ) has already spent four months in a low-security prison on trumped-up charges of money laundering because sufficient crypto regulations were not in place to charge him with anything else. Should Trump win, CZ and BNB could be vindicated, as Trump has repeatedly stated he is vehemently pro-crypto. A win for Trump will be a win for BNB. A win for Harris could see stronger crypto regulations and more time in handcuffs for CZ. Solana (SOL): Unlikely to be influenced by US elections 4,000 miles away from DC and the US elections is the Swiss town of Zug, home of the Solana Foundation. It is hard to imagine US crypto regulations influencing international assets, but one cannot underestimate the power of the US market.   However, independent cryptos like Solana will not be influenced by crypto regulations, and while Solana (and others) will see either…

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Filed under: News - @ October 2, 2024 1:28 pm