Crypto Traders Bet on US Election as FTX Prediction Markets Hit Record Volumes
October sees record volume for TRUMP and BIDEN markets three weeks ahead of the U.S. election.
Gary Gensler, Simon Johnson and Mehrsa Baradaran are among the policy experts versed in crypto and blockchain issues named to Biden’s transition team.
Joe Biden’s picks to head key regulatory agencies could redefine cryptocurrency policy in the coming years. Exactly how remains an open question.
Former Fed Chair Janet Yellen is expected to be tapped to run the Treasury Department, where she would oversee federal agencies that impact crypto.
Sam Bankman-Fried, the CEO of cryptocurrency derivatives platform FTX, made the second-largest donation to Joe Biden's presidential campaign.
While neither major Presidential candidate is campaigning on a crypto platform, who they appoint to head up federal agencies will shape policy for years to come.