Gold Finance reports that JPMorgan (JPM) stated in a report on Wednesday that Donald Trump's victory in the November presidential election has opened a new era for cryptocurrency in the United States, noting that since his election, the total market value of cryptocurrencies has increased by approximately 65%. Analysts led by Kenneth Worthington wrote: "The new administration has not only brought a crypto-friendly sentiment but has also shown enthusiasm for promoting this asset class; Trump's nomination of the chair of the Commodity Futures Trading Commission (CFTC) is a missing piece in the government's support for the cryptocurrency agenda. This position is crucial as it may play a significant role in regulating Bitcoin (BTC) and Ethereum (ETH)."