Industry insiders: The political background of the United States towards crypto assets is becoming increasingly clear, and the focus of cryptocurrency will further tilt towards the United States

Pantera Capital's portfolio manager, Cosmo Jiang, stated: "Due to the harsh regulatory environment in the United States, opportunities have shifted overseas over the past few years." As progress continues in the U.S., this shift will return and our capital allocation will move accordingly." In addition, according to a person familiar with the matter but not authorized to speak publicly, London-based cryptocurrency custodian Copper Technologies Ltd. is considering refocusing on the U.S. market if Trump wins.

According to The Financial Times report, advisors of Vice President Kamala Harris are seeking to re-establish connections with this industry while Republican presidential candidate Donald Trump is soliciting donations and votes from it and promising to make America "the global capital of cryptocurrency", partly by firing SEC Chairman Gary Gensler. These trends indicate that the focus of cryptocurrency is further tilting towards America; a shift that began with this year's successful debut of Bitcoin and Ethereum spot ETFs in America.