Ismeidy
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The administration #Trump has opened a "new era" for U.S. cryptocurrencies
The worst regulatory environment for the markets #Criptomonedas is now behind us, says #JPMorgan
The victory of #DonaldTrump in the presidential elections of November is already marking the beginning of a new era for cryptocurrencies in the United States, JPMorgan (JPM) said in a report on Wednesday, noting that the total market capitalization of cryptocurrencies has increased by approximately 65% since its reelection.
"This new administration not only brings a sense of kindness towards cryptocurrencies but has also shown enthusiasm for promoting this asset class," wrote analysts led by Kenneth Worthington.
The incoming administration has shown its willingness to discuss cryptocurrency market regulation and how to maintain future development in the U.S., according to the report, adding that the president-elect has already nominated several individuals who will participate in the formulation and enforcement of cryptocurrency policies.
This means that a floor has been established, as the "worst regulatory environment for cryptocurrencies" is now a thing of the past, according to the report. The ecosystem is now expected to become a "safer, more transparent, and more productive industry (from a regulatory perspective) from this point onward".
Still, these positive factors may take some time to take effect.
JPMorgan warned that the market may not see impacts from policies for at least nine to twelve months after Trump’s term begins.
A more productive regulatory environment would lead to the inclusion of more tokens on exchanges and brokers, and also encourage greater product innovation, the report added.
#BinanceSquareFamily $BTC
$ETH
The worst regulatory environment for the markets #Criptomonedas is now behind us, says #JPMorgan
The victory of #DonaldTrump in the presidential elections of November is already marking the beginning of a new era for cryptocurrencies in the United States, JPMorgan (JPM) said in a report on Wednesday, noting that the total market capitalization of cryptocurrencies has increased by approximately 65% since its reelection.
"This new administration not only brings a sense of kindness towards cryptocurrencies but has also shown enthusiasm for promoting this asset class," wrote analysts led by Kenneth Worthington.
The incoming administration has shown its willingness to discuss cryptocurrency market regulation and how to maintain future development in the U.S., according to the report, adding that the president-elect has already nominated several individuals who will participate in the formulation and enforcement of cryptocurrency policies.
This means that a floor has been established, as the "worst regulatory environment for cryptocurrencies" is now a thing of the past, according to the report. The ecosystem is now expected to become a "safer, more transparent, and more productive industry (from a regulatory perspective) from this point onward".
Still, these positive factors may take some time to take effect.
JPMorgan warned that the market may not see impacts from policies for at least nine to twelve months after Trump’s term begins.
A more productive regulatory environment would lead to the inclusion of more tokens on exchanges and brokers, and also encourage greater product innovation, the report added.
#BinanceSquareFamily $BTC
$ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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