Legal-Technological Revolution in the USA: How Political Changes Will Impact Investments in Blockchain Technology

Legal-Technological Revolution in the USA: How Political Changes May Impact Investments in Blockchain Technology

In the coming years, investors and enthusiasts of blockchain technology and technological innovations in the United States can expect positive changes on the political scene. Two key events scheduled for 2024, namely revolutionary decisions by the Supreme Court and the rise of Kamala Harris in politics, could significantly influence the regulatory environment and social perception of industries related to blockchain and cryptocurrencies.

Overturning the “Chevron” Doctrine: Transition from Confusion to Clarity

One of the key moments that may lead investors to optimism is the overturning of the 40-year-old “Chevron” doctrine by the Supreme Court. This decision aims to restore greater clarity and coherence to the regulatory environment, which may revolutionize the way technological innovations, including blockchain technology, are regulated.

Rise of Kamala Harris: New Opportunities for Technological Industries

The rise of Kamala Harris among the Democratic Party candidates opens up new opportunities for understanding the importance of industries related to blockchain and technological innovations for the U.S. economy. Increased bipartisan willingness in 2024 may lead to these industries no longer being demonized but treated as an important element driving the country’s development.

Regulations and Collaboration: Key to the Future of Blockchain Technology in the USA

The Democratic Party must focus on further legislative efforts to ensure legal clarity for blockchain innovators. Kamala Harris, on the other hand, should emphasize the willingness to collaborate between parties in establishing clear rules for technological development, which could contribute to the growth of the technological sector in the USA.

Speculations and Controversies:

There is speculation about a potential shift in Kamala Harris’s stance on business regulations, including cryptocurrencies and blockchain technology. Criticism is also directed at Gary Gensler, the chair of the SEC, whose approach to cryptocurrencies is considered outdated. Some members of the Democratic Party aim to establish new regulations for industries inadequately regulated by agencies, and the “Crypto4Harris” group is working to persuade Harris to support a bipartisan legal framework for cryptocurrencies.

Summary: Decisive Years for Cryptocurrencies and Blockchain Technology

The control of power in the upcoming four years will have a massive impact on the future of cryptocurrencies and blockchain technology in the United States. Partisan boundaries regarding these technologies are beginning to blur, and investing in policies that support innovative industries is becoming an idea surpassing traditional party divisions. An interesting period full of opportunities and challenges lies ahead for the technological sector in the USA.