According to Odaily Planet Daily, Standard Chartered Bank analyst Geoff Kendrick predicts that if the Republican Party successfully controls both houses of the U.S. Congress, the market value of cryptocurrencies may reach $10 trillion by the end of 2026.
Kendrick believes that a Republican-led government may bring friendly policies, such as easing regulations on stablecoins and adopting a more lenient stance at the U.S. Securities and Exchange Commission, promoting benefits like Bitcoin reserves.
In addition, areas such as crypto gaming, tokenization, and decentralized IoT are expected to benefit from a more friendly policy environment.