### Crypto Gains Subtle Win Through Political Maneuvering

This election, many ordinary Americans may not have realized that cryptocurrency was indirectly on the ballot. The Fairshake PAC, the leading industry lobbying group, poured tens of millions of dollars into supporting candidates like Moreno. However, the advertisements and messages they pushed focused instead on issues such as inflation and immigration, making no direct mention of crypto. According to Claypool, this strategy masked the true intentions behind the funding, "The millions they presented in ads to advance the crypto sector's interest didn't say a word about crypto."

Earlier this year, the crypto sector achieved a significant victory in the House of Representatives when a bipartisan effort resulted in the approval of a bill that aims to shift oversight from the Securities and Exchange Commission (SEC) to the less stringent Commodity Futures Trading Commission (CFTC). This shift is seen as favorable for the industry, given the CFTC’s understaffed and more industry-friendly reputation.

Even without immediate legislative action, the crypto industry could see a reduction in regulatory pressures. Speculation is rife that Trump could replace Gary Gensler, a known adversary of crypto, as the SEC chair. While he can't remove Gensler from the commission entirely, replacing him as chair could significantly reduce the regulatory challenges faced by the crypto market.

Responding to these developments, crypto investor Cameron Winklevoss expressed optimism about the future. Celebrating the potential regulatory shift on social media platform X, Winklevoss suggested that the industry could save billions on legal disputes with the SEC, funds which could instead be redirected into furthering the development of cryptocurrency. "Imagine how much we are going to accomplish in the next 4 years," he wrote, "now that the crypto industry won't be hemorrhaging $ billions on legal fees fighting the SEC and instead investing this money into building the future of money. Amazing awaits."