CoinVoice has recently learned that according to The Block, JPMorgan analysts have outlined six key regulatory and market changes in the crypto industry under the Trump administration, which may reshape the U.S. cryptocurrency landscape under the Trump administration and its Republican-led Congress.
JPMorgan analysts said several stalled cryptocurrency bills could be quickly approved. These bills include the (21st Century Financial Innovation and Technology Act) (FIT21), which could provide much-needed regulatory clarity for the crypto industry by clarifying the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
And said that as the regulatory framework becomes clearer, the SEC's strategy of increasing enforcement may evolve into a more collaborative approach. High-profile lawsuits against companies such as Coinbase may be mitigated, settled, or even withdrawn. Regulatory notices issued to companies such as Robinhood and Uniswap could be reconsidered, thereby reducing litigation risks in the broader crypto industry. The U.S. Securities and Exchange Commission's (Staff Accounting Bulletin No. 121) (SAB 121) restricting banks from holding digital assets may be repealed.
In addition, JPMorgan analysts also said that the SEC may require the settlement of lawsuits regarding unregistered securities and the launch of futures-based ETFs for these assets before approving spot ETFs. These factors may delay the approval of new ETFs or require re-filing. Clearer regulation may increase venture capital, mergers and acquisitions, and initial public offerings in the cryptocurrency field. Although the strategic Bitcoin reserve will greatly enhance the legitimacy of Bitcoin and may push up the price of Bitcoin, its chances of passing are low. [Original link]