US Presidential Elections: Why This ETF Trading Platform Is Set To Benefit From Kamala Harris’s Vow To Encourage DeFi Innovation
Since Vice President and US presidential elections candidate Kamala Harris voiced her stance on digital assets, the crypto community has been buzzing with excitement and hope. Harris’s support of digital assets has also sparked a wave of speculation about which DeFi projects stand to gain the most. ETFSwap (ETFS), a new ETF trading platform, is among those getting significant attention.
Understanding ETFSwap (ETFS) Ahead Of The US Presidential Elections
ETFSwap (ETFS) has captured the interest of many investors ahead of the US presidential elections and Decentralized Finance (DeFi) enthusiasts with its unique value proposition. This new DeFi platform aims to bring exchange-traded funds (ETFs) to the blockchain.ETFSwap (ETFS) is built on the ERC20 standard and will use tokenization to convert real-world assets into blockchain-based tokens. Thanks to ETFSwap’s partnerships with MiCa-regulated banks, these tokens will be fully backed by actual securities from traditional financial markets. The use of ERC20 technology will also enable other functionalities, such as token swaps, staking, and liquidity provision. In this way, ETFSwap (ETFS) will create a DeFi ecosystem with a cost-effective and compliant gateway for users to access real-world financial instruments.
ETFSwap (ETFS) will offer a broad selection of ETFs, including Crypto, Currency, Inverse, Sustainable, and Index ETFs. By integrating blockchain technology, ETFSwap (ETFS) will also be able to provide features such as 24/7 trading, market-making, and perpetual trading, giving traders more flexibility to strengthen their positions. Moreover, blockchain integration assures greater speed, security, transparency, and autonomy for users in their ETF transactions.
The beta ETFSwap (ETFS) platform is set to make its debut on September 28th, following extensive UI testing. Phase 1 of the beta release will feature liquidity pools, staking, swapping, and more. Notably, ETFSwap’s audit by CyberScope confirmed that its smart contracts and infrastructure are free from vulnerabilities. The ETFSwap (ETFS) team has also gone through KYC audits by SolidProof, another leading blockchain auditing firm.
ETFSwap (ETFS) is currently in the last stage of its presale. ETFSwap’s presale has garnered millions of investments from both crypto whales and retail investors. The last stage started less than a week ago and has already sold out close to 7,000,000 ETFS tokens. Many investors are still flocking to get ETFS at its current $0.03846 price, a 350% increase from its initial $0.00854.
Why ETFSwap (ETFS) Could Benefit From Kamala Harris’s Support
Crypto ETFs have become increasingly popular, with major players like BlackRock, GrayScale, and Fidelity already in the space. By making ETF trading more accessible and efficient, ETFSwap (ETFS) could capitalize on this demand, especially with the prospect of a US president who backs decentralized finance (DeFi).
Additionally, Kamala Harris’s endorsement of innovative technologies like Artificial Intelligence (AI) aligns perfectly with ETFSwap’s vision. The platform will incorporate tools, such as the ETF Screener and ETF Tracker, which use AI to analyze data and offer recommendations to users. These tools will only improve over time, making the platform increasingly valuable.
Furthermore, ETFSwap (ETFS) currently has a low market cap, and with its promising technology, rising popularity, and growing investment, many DeFi watchers suggest that its value could increase by over 1,000X. Therefore, should a DeFi-friendly candidate like Kamala Harris take office, this figure could potentially soar to 10,000X.
Kamala Harris’s Vision Ahead Of US Presidential Elections
With the US presidential elections in view, Kamala Harris shared her economic vision with donors at a New York fundraiser on September 22. She emphasized a collaborative approach to building an opportunity economy, aiming to bring together labor, small businesses, founders, innovators, and major companies.
Harris also stated that she would encourage innovative technologies like AI and digital assets while ensuring the protection of consumers and investors. She promised to establish regulatory clarity for these rapidly evolving sectors in order to create a safe business environment with clear and consistent rules.
This marked Kamala Harris’s first public comment on digital assets since becoming the Democratic nominee for the US presidential elections. While she did not lay out specific policies, her potential support for DeFi would signal a significant departure from the Biden administration’s more cautious stance.
Conclusion
The potential policy shift if Kamala Harris wins the US presidential elections could lead to increased interest and investment in digital assets. As such, innovative DeFi projects like ETFSwap (ETFS) could be on the verge of a massive breakout.
For more information on ETFSwap:
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
