Bernstein on Wednesday asserted that regulatory headwinds have transformed into tailwinds, following Donald Trump‘s victory in the U.S. presidential election.
What Happened: “The market is nowhere close to factoring in this shift,” stated Bernstein in its report on Wednesday.
Bernstein’s report points to specific regulatory changes expected to accelerate under a new administration, with a “crypto-friendly SEC and Senate banking committee” likely to bring the regulatory clarity the industry has long awaited.
“We expect a new regime of crypto rule-making,” Chhugani added, anticipating progressive frameworks that address issues such as asset classification, broker/dealer regulations, and the ownership of crypto by banks.
The…
