Matthew Sigel, Head of Digital Assets Research at VanEck, believes Bitcoin would fare well even if Democrats were to regain power. Contrary to Republican claims, former President Joe Biden was not anti-Bitcoin, though his administration filed several lawsuits against digital asset companies. Bitcoin’s price has surged nearly 24% over the past seven days, touching as high as $81,160 this week before dropping to its current level of $78,438. The vote on the Clarity Act, which aims to establish a legal framework for digital assets, has been delayed until September after Democrats raised concerns about the latest draft. However, Coinbase and VanEck note that many younger Democrats support this regulatory framework.
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