Potential changes in crypto markets under Trump administration may lead to increased regulations and market growth.

From Investing.com

November 17, 2024 5:00 AM:

JPMorgan analysts predict significant shifts in crypto markets under a second Trump presidency, with a Republican-controlled Congress and crypto-friendly policies leading the way.

Key crypto-focused legislation like the FIT21 and Clarity for Payment Stablecoins Act of 2023 may be expedited to clarify SEC and CFTC roles and establish stablecoin frameworks.

JPMorgan suggests a more collaborative SEC approach, potentially softening lawsuits like the one against Coinbase and reducing barriers for firms like Robinhood.

Reversing SEC’s SAB 121 could encourage traditional banks to engage in crypto custody, with leadership changes at the OCC and FDIC also promoting bank involvement.

Optimism for spot ETFs like Bitcoin and Ethereum is on the rise, but legal hurdles around their classification as securities could delay approval.

Clearer regulations could lead to increased venture capital, IPOs, and M&A activity, with laws like Wyoming’s DAO-friendly regulations fostering innovation.

The chance of establishing Bitcoin as a U.S. strategic reserve asset is seen as low by JPMorgan, despite potential growth and legitimacy for crypto markets in the U.S.

Read more at Investing.com: Here are 6 potential changes in crypto markets under a Trump administration By Investing.com