KGA co-founders, Coco Kee and Kevin Goldstein, made their return to the 10th Wanxiang Blockchain Summit in 2024, marking their first appearance at the event since five years ago, before the pandemic.
At the summit, Kevin engaged in a fireside chat with Du Yu, General Manager of Wanxiang Blockchain Labs, where they explored the evolving landscape of U.S. regulations and the potential impact of the upcoming presidential election on the blockchain and crypto industries.
Both major presidential candidates have recognized the importance of the blockchain sector. Notably, Trump has expressed his vision to establish the U.S. as a global crypto hub.
During the discussion, Kevin outlined potential scenarios for the passage of key legislation, including the stablecoin bill and the 21st Century Financial Innovation and Technology Act (FIT 21). He noted that these bills could be negotiated as part of a broader government budget agreement between Republicans and Democrats in early 2025, just before the presidential inauguration. Should Trump win, with the GOP controlling both the Senate and the House, swift passage of these bills is highly likely. In the event of a Harris victory, the legislative process may be slower but is still expected to move forward.
Ultimately, the U.S. aims to reclaim its leadership role in blockchain and crypto innovation. The outcome of the presidential and Senate elections will be pivotal in shaping the regulatory future of the industry.
Check out the slide show of photos from the summit.
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