DeFi supporters reveal that the industry may face regulatory scrutiny in the long term

ChainCatcher news, recently, multiple Bitcoin ETFs have been approved, driving institutional investors' interest in Bitcoin. However, the upcoming elections may introduce regulatory changes that could impact Bitcoin's growth, especially if the elected candidates are unfavorable towards cryptocurrencies.

For Ethereum, DeFi Options platform founder Nick Forster stated that depending on the election results, the DeFi ecosystem may face regulatory scrutiny. He further explained that the current market volatility reflects traders' expectations of increased uncertainty.