After the US presidential election, the decentralized finance (DeFi) sector has experienced an incredible performance. This is due to the expectation of a friendlier regulatory system under the new government. Crypto assets, such as Uniswap (UNI), Lido (LDO), Raydium (RAY), Ethenea (ENA), and Aave (AAVE), have seen significant growth, ranging from 26% to 30% in the last 24 hours.
With 247 pro-crypto candidates elected to the House of Representatives, there is hope for a transparent regulatory framework for the industry. Coinbase crypto exchange CEO Brian Armstrong also expressed optimism about working with the new Congress to make this happen.
