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Bitcoin could do well under Democrats, VanEck says

VanEck’s Matthew Sigel said regulators during the Biden era were not “anti-Bitcoin” and pointed to the Clarity Act’s stalled vote as a key policy driver.

Reported · Written up by our desk · Market Structure

Bitcoin does not necessarily need a Republican administration to perform well, according to VanEck’s Head of Digital Assets Research, Matthew Sigel. Speaking on CNBC Wednesday, Sigel argued that while Biden-era regulators took action against digital asset companies, the former president was not broadly hostile to Bitcoin.

Sigel added that Democrats could be more challenging for parts of the broader crypto industry, suggesting the risk is not uniform across digital assets. The comments come amid ongoing debate in the U.S. around digital asset regulation and which agency oversees different categories.

The policy discussion is centered on the long-awaited “crypto Clarity Act,” which would create a legal framework for classifying digital assets as securities, commodities, or payment stablecoins, and determining the relevant regulator. The vote has slipped to September after lawmakers missed a chance to pass it before Congress broke for August recess, with some Republican senators accusing Democrats of deliberately holding it back.

The article also notes Bitcoin’s recent market move, with the leading digital asset jumping nearly 24% over the past seven days, reaching as high as $81,160 before easing to $78,438 at the time of writing. It links the latest bounce to renewed optimism around U.S. legislative progress after President Trump urged lawmakers to pass the Clarity Act.

Latest closeBitcoin $78,800.07 ▲0.3%

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