As an analyst with over two decades of experience in financial markets, I have witnessed numerous shifts and transformations in the banking industry. The recent survey data suggesting a preference for Donald Trump among U.S. banking professionals by a small margin is intriguing but not entirely surprising given their perceived familiarity with his administration’s policies. However, the majority prediction of Vice President Kamala Harris taking office in January underscores the uncertainty that often pervades election cycles.
In a recent survey, professionals in the U.S. banking sector slightly favor Donald Trump, a former U.S. president who is running for office, over other candidates. However, the majority of these professionals anticipate that Vice President Kamala Harris will occupy the Oval Office come January.
191 professionals in the U.S. banking sector, as surveyed by American Banker publisher Arizent, indicated that approximately 59% (around 112 individuals) consider Harris to be the current front-runner.
In response to being queried about which administration, between Trump’s and Harris’, would be more advantageous for the banking sector, approximately 58% of those surveyed expressed their preference for a Trump administration.
Per American Banker:
“Interestingly, 58% of bankers surveyed felt that a Trump administration would be better for their industry and individual companies, against 35% who said Harris would be best for the banking industry. That same perspective was found in similar questions about which election outcome would yield the best outcome for regulatory and policy matters, as well as the country overall.”
Cryptocurrency and regulation
As a crypto investor, I find myself navigating an uncommon electoral landscape where both candidates seem to devote less attention to outlining their specific policy proposals. This ambiguity, reported by American Banker, casts a veil of uncertainty over the banking industry.
Isaac Boltansky, who serves as the managing director and policy research director at BTIG, stated to American Banker that it implied bankers needed to engage in a slight stretch of prediction beyond their typical practices.
In the ongoing U.S. presidential election, there’s been a growing focus on cryptocurrencies, as people are now more curious about how the upcoming administration might regulate digital money and technology associated with it.
2024 US Presidential Election: Latest News and Full Coverage
Although Bitcoin (BTC) and other cryptocurrencies may not significantly influence predicted election results based on surveys, it’s evident that the broader financial sector is invested in gaining clear regulations within the crypto market.
Both Trump and Harris have expressed support for cryptocurrency and digital asset technology; however, neither candidate has given a comprehensive overview of their policy or regulatory plans for the sector.
Previously, numerous commentators viewed Trump as a pro-cryptocurrency figure. However, in contrast to his past criticism of Bitcoin, Trump has recently stated that he aims for the United States to lead as the global hub for Bitcoin during this election period.
While Harris has expressed similar sentiments, her official stance appears to be in support of “AI and quantum computing, blockchain and other emerging technologies.”
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2024-10-23 23:24