Towards a Major Shift in US Cryptocurrency Policy

With the presidential election approaching on November 5th in the United States, Donald Trump made a groundbreaking statement. He promised that if elected, he would end Vice President Kamala Harris’s “cryptocurrency war” and create a more flexible regulatory environment. This statement has generated significant anticipation among cryptocurrency supporters and blockchain innovators worldwide.

Issues with Current Regulations

The current regulatory environment under Vice President Harris has had a serious impact on the cryptocurrency industry:

• Strict oversight by the SEC (Securities and Exchange Commission)
• Strengthened regulations by the Treasury Department
• Strict regulatory requirements regarding transactions and asset management
• Situation where many companies are forced to relocate outside the US

Uniqueness of Pi Network

Pi Network is attracting attention as an innovative project with the following characteristics:

• Mining possible only with a smartphone
• Community-based project promoting digital inclusion
• No need for expensive hardware or stable power supply
• Democratic system accessible to everyone

Expected Effects of Regulatory Relaxation

Improvement of the Investment Environment

Stabilization of the regulatory environment is expected to have the following effects:

• Increase in new investments from institutional investors
• Improved credibility for projects
• Expansion of growth opportunities through increased capital inflow

Acceleration of Infrastructure Development

With new investment, Pi Network has the potential to accelerate the following developments:

• Construction of more robust infrastructure
• Development of new applications
• Expansion of service provision range
• Rapid growth of the ecosystem

Impact on the Community

Under a more favorable regulatory environment, the Pi Network community is expected to benefit from the following:

• More active community activities
• Increase in new participants
• Sustainable development of the ecosystem
• Expansion of global influence

Future Outlook

Trump’s policy proposals bring new hope to the entire cryptocurrency industry. Especially for innovative projects like Pi Network, regulatory relaxation could present significant growth opportunities. With strong community support and the realization of a more favorable regulatory environment, the future of cryptocurrency is expected to become brighter.