JPMorgan “Trump's November election ushers in a new era for U.S. crypto”

Donald Trump's victory in the November presidential election has ushered in a new era for cryptocurrencies in the United States, according to a new report from JPMorgan, according to CoinDesk. “The total market capitalization of the cryptocurrency market has increased by approximately 65% since Trump's victory,” the report said. ”The second-term Trump administration has shown not only a favorable perception of cryptocurrencies, but also an eagerness to promote them, and a willingness to discuss how to regulate the cryptocurrency market and sustain its future development in the United States. Trump has already named a number of officials who will be involved in crypto policy formulation and enforcement.” “In the past, the regulatory environment for cryptocurrencies has been abysmal. Now the industry will be safer, more transparent, and more productive from a regulatory perspective. An improved regulatory environment will encourage exchanges and brokers to list more tokens and spur product innovation.” ”However, it will take time for these effects to be fully realized. We may not see the policy impact for at least 9-12 months of Trump's term.”

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