Grayscale’s ETF Chief Argues Digital Assets Now a Non-Partisan Issue, Signalling Bullish Market
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
David LaValle, Grayscale’s global head of ETFs, stated that digital assets have become a non-partisan issue, suggesting that the sector is relevant across the political spectrum.
“We have seen digital assets more broadly, go from being a partisan issue to a bipartisan issue,” he said in a recent interview with Proactive Investors. “And now, I think it’s essentially a nonpartisan issue, which is probably the most bullish indicator.”
Considering crypto to be a non-partisan issue means it goes beyond traditional political divides. If crypto were non-partisan, policy decisions would ideally focus on the technology’s merits, potential economic impact, and regulatory needs, rather than being swayed by party politics.
LaValle noted that Grayscale’s surveys indicate both investors and the general public are increasingly considering digital assets when making voting decisions. This shift explains why the topic has now entered political discussions across parties.
Republican presidential candidate Donald Trump has shifted to support crypto, especially Bitcoin strongly.
He has proposed making the US the “crypto capital of the planet” by establishing a Bitcoin reserve. He also plans to reduce regulatory burdens and oppose government-issued digital currencies. Additionally, Trump backs the rights to manage personal crypto, engage in transactions, and operate crypto infrastructure like nodes and miners.
Meanwhile, Democratic candidate Kamala Harris hasn’t publicly outlined her stance on crypto policy. However, her campaign’s outreach to the sector suggests she may want to adjust her approach. She seems to aim
Read more on cryptonews.com
