Wealth management firm Mirabaud Group has said that if Trump wins the US Presidential Election on November 5, cryptocurrencies could benefit from potentially looser regulation, but it also poses risks for consumers. John Plassard said in a report that a potential Trump administration could undo some of the Biden administration's regulatory crackdown and launch initiatives such as the National Strategic Bitcoin Reserve, positioning the United States as a global leader in the crypto space. Trump's lax approach to regulation could attract more investment and innovation into the cryptocurrency space. However, it has also raised concerns about increased fraud risks and inadequate consumer protections.