The capitalization of the crypto market could grow to $10 trillion by 2026 under Donald Trump's administration, according to a report by Standard Chartered.

"A Republican victory will allow the new government to pursue positive policies in the digital asset sector, which could lead to an increase in the total capitalization of the crypto market to $10 trillion by the end of 2026," Standard Chartered said.

The bank also said it sees a number of favorable factors for crypto markets at the start of the new administration, including changes in legislation and a shift in positions at the Securities and Exchange Commission (SEC), which could lead to a softer attitude towards digital assets.

These positive developments could lead to the total capitalization of the crypto market quadrupling from $2.5 trillion currently to $10 trillion by the end of 2026.

“The rising wave should lift all digital assets; those most exposed to risk will reap the greatest rewards,” wrote Jeff Kendrick, head of digital asset research at Standard Chartered.$BTC