The Rise of Crypto in Politics and Real Estate Market Changes
In this episode of On Watch by MarketWatch, we delve into the surprising influence of the crypto industry in politics and the upcoming changes in the real estate market. As the November election approaches, a new player has emerged – the crypto industry. A super PAC called Fair Shake, funded by major crypto players like Coinbase and Ripple, has raised over $200 million for the 2024 election cycle. Their goal? To push for regulatory changes that favor the crypto industry, particularly in shifting regulatory responsibility from the SEC to the CFTC.
On the real estate front, a recent settlement against the National Association of Realtors is set to shake up the industry. Sellers will no longer be solely responsible for agent fees, with buyers now expected to pay their own agents. This change has sparked confusion and debate, with implications for both sellers and buyers. Sellers may benefit from reduced fees, while buyers face new financial obligations and increased paperwork.
The implications of these developments are far-reaching. For investors and homebuyers alike, understanding these changes is crucial. The crypto industry’s growing influence in politics could have significant implications for regulatory frameworks, while real estate market changes could impact the buying and selling process. Stay informed, stay vigilant, and be prepared for the evolving landscape of both the political and real estate markets.