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

Media reports that recently, several Bitcoin ETFs have been approved, stimulating institutional investors' interest in Bitcoin. However, the upcoming elections may introduce regulatory changes that could affect the growth of Bitcoin, especially if the elected candidate is unfavorable towards cryptocurrencies.

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