JPMorgan Chase: Trump's victory will usher in a new era for US encryption, and the selection of CFTC chairman will be particularly important

BlockBeats news, December 19, JPMorgan Chase (JPM) said in a report on Wednesday that Donald Trump’s victory in the November presidential election has opened a new era for U.S. cryptocurrencies, and pointed out that the total market value of cryptocurrencies has risen by about 65% since his victory.

Analysts led by Kenneth Worthington wrote: “The new administration not only brings a crypto-friendly feel but also shows enthusiasm for promoting this asset class; Trump’s nomination for the chairman of the Commodity Futures Trading Commission (CFTC) is the missing piece in the administration’s pro-cryptocurrency agenda. The position is important because it could play a major role in regulating Bitcoin (BTC) and Ethereum (ETH).”