Neither party will meaningfully regulate crypto in any way. I'd bet my entire ass on it. It's part of the base economic base of the US now. If anything they will be forced to go out of their way to grease the skids for more crypto bullshit. Hudson talks about this phenomenon, how stablecoins like USDC are stimulating dollar demand, and this demand for virtual "dollars" is necessary to counteract dedollarization efforts abroad. It's hard to open a USD bank account if you're in certain jurisdictions, but it's very easy to acquire some shitcoin and trade it for USDT or USDC.