Despite the potential influence of 2 million pro-crypto voters in the Australian Federal Election, the topic of cryptocurrency has not been a primary focus in the campaign. Adrian Przelozny, founder of Independent Reserve, criticized both major parties—Labor and Liberal—for not highlighting crypto policies, fearing they might alienate voters. However, they are both committing to regulate cryptocurrencies, with the Liberal Party promising to release draft regulations within 100 days of taking office. The ALP, led by Prime Minister Anthony Albanese, has aimed to draft regulations after significant delays but hasn't yet introduced legislation. The crypto industry in Australia has experienced stagnation due to regulatory inaction for over a decade, pushing talents and businesses to more favorable jurisdictions like Singapore. As both parties seem aligned on the need for regulation, they may present bipartisan legislation soon. Pro-crypto sentiments remain strong, with 59% of crypto users indicating they would prioritize the issue in their voting decisions, emphasizing the critical timing for regulatory advancements in 2025.

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