According to Golden Finance, Ripple's Asia Pacific President, Fiona Murray, stated that the US lags behind crypto-friendly regions like Singapore and the UAE, but still has the opportunity to catch up. While Donald Trump may have been the first US President to purchase a burger with Bitcoin, and Democrats may be warming up to crypto, Murray remains skeptical about whether the upcoming election will easily solve the industry's problems. "I don't think it's just an election issue, you have to have all banks supporting the Web3 community and build from there," Murray said.