Key Points:
- The incoming Trump administration signifies a new chapter for digital assets in the U.S., according to JPMorgan.
- The report indicates that the most difficult regulatory landscape for cryptocurrency markets is now in the past.
- Anticipate new cryptocurrency policies to take up to a year to materialize.
Donald Trump's success in the November election is already paving the way for a significant shift in the crypto sphere, as stated in JPMorgan's report on Wednesday. Reports show that the overall cryptocurrencies market capitalization has surged by approximately 65% post-election.
"This new administration not only represents a friendly stance towards cryptocurrencies but has also shown enthusiasm in advancing this asset class," analysts, led by Kenneth Worthington, stated.
Translation: Esta nova administração não só representa uma postura favorável às criptomoedas, mas também demonstrou entusiasmo em promover essa classe de ativos.
The administration is open to discussions regarding regulation of crypto markets and sustaining future growth within the U.S. Additionally, it is noted that the president-elect has already appointed several individuals to shape crypto policies and enforcement.
This sets a foundation, suggesting that the worst of the regulatory environment is behind us. A transition to a safer, clearer, and more innovative industry is expected moving forward.
However, these favorable conditions may take their time to influence the market. JPMorgan warns that noticeable policy effects could emerge at least nine to twelve months into Trump's presidency.
Furthermore, the CFTC chair nomination is crucial to the administration's pro-crypto strategy, emphasizing its consequent role in regulating Bitcoin and Ethereum.
As the regulatory landscape improves, exchanges and brokers may start listing more tokens, fostering an environment ripe for innovation in products.
