This Week's UEV
Crypto Won The Election
AB updates are for informational purposes only. Do not construe any of the following as investment, financial, or other advice. You make your own decisions.
User Extractable Value (“UEV”) - Generating Utility Onchain
The US presidential election is finally over. It is clear that Crypto was one of the largest winners. The industry had major influence, Fairshake raised $200M+ and was the largest PAC outside of Trump/Harris. The results speak for themselves: 263 pro crypto house members and 18 pro crypto senators were elected. The markets have responded accordingly with Bitcoin hitting an all time high shortly after Trump was confirmed as the 47th President.
Below are recent studies and primary data sources to help you better understand the effects of this election and generate UEV.
Standwithcrypto has the results for all key crypto races in 2024 elections.
Read AB’s breakdown here of the promises that President Trump made for the digital asset industry and our expectations for the upcoming administration.
Brian Armstrong, CEO of Coinbase, wrote a memo: Reflecting on the Election Through a Crypto Lens. He highlights a few key moments from the election: Replacing Sherrod Brown (extremely anti-crypto) with Bernie Moreno (Crypto Entrepreneurer), crypto got the full support of the winning Presidential Candidate, The next congress will be the most pro crypto ever, DC recieved an important message that being anti crypto is a great way to end your career.
Matt Hogan, CIO of Bitwise, wrote a memo: What a Trump Presidency means for Crypto. The three largest things are a leadership change at the SEC, end to Operation Chokepoint 2.0, and pro crypto regulation on stablecoins, market structure, and more.
JD Vance, the incoming VP, will be very influential in setting the tone for crypto regulation and strategy in the upcoming administration. Here is him speaking candidly about his thoughts on crypto Vance says that Gary Gensler (Vance does not like him) is taking the exact opposite approach in regulating crypto with the SEC. Token’s with utility get banned and tokens without utility, they don’t care. Seems backwards.
Fidelity launched a great report: Bitcoin’s evolving role as an Alternative Investment. The focus is how Bitcoin complements an existing portfolio of alternative assets. Bitcoin provides diversification, differing risk and return factors, and liquidity.
Chainlink recaps SmartCon 2024, including new product releases, keynotes, and industry panels. With expected regulatory clarity, Chainlink could be one of the largest beneficiaries as they bring more data, including sensitive banking and financial data, onchain in the most secure method.
Cheers,
Whitetail & Co
AB updates are for informational purposes only. Do not construe any of the following as investment, financial, or other advice. You make your own decisions.