Donald Trump's recent victory in the election has raised expectations for a more supportive regulatory environment for cryptocurrencies in the U.S. With the Republican party now in charge, experts believe that new regulations could be introduced that might encourage more innovation in the crypto space.
Steve Milton of Fintopio believes Trump’s influence on the SEC could bring in a pro-crypto leader, possibly someone like Robinhood’s Dan Gallagher. Meanwhile, Anastasija Plotnikova, CEO of Fideum, hails Republican control of the Senate as a “historic achievement,” seeing it as an opportunity for harmonized regulations that support innovation across the board.
In terms of investments, analyst Edward Wilson expects to see more cryptocurrency-based ETFs entering the market, including potential ETFs for staked Ether. While Europe is currently ahead in offering these types of products, many people are hopeful that the U.S. will soon follow suit.
Source: @Cointelegraph