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Donald Trump’s victory could bring more crypto-friendly policies

According to experts, Donald Trump’s victory in the presidential election and the Republican Party’s control of the Senate could make the Securities and Exchange Commission (SEC) and the Senate Banking Committee more open to cryptocurrencies. This opens up a “new path” in digital asset policymaking.

Bernstein said that the market has not yet felt this “disruptive change” and the crypto industry could benefit significantly from the Republican government. In particular, bills on stablecoins and market structure are expected to be passed more quickly. Beneficiaries include Circle and Paxos – leading stablecoin issuers, along with major crypto exchanges and brokerages in the US.

Bernstein predicts that in the medium term, there will be clearer regulations on the classification of digital assets and securities. This will facilitate the registration of digital assets such as cryptocurrencies and securities with the SEC, thereby providing legal certainty to the market. In addition, fund managers are likely to launch more cryptocurrency-based ETF products soon.

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