JPMorgan Chase: Trump's election victory ushers in a new era for US encryption, the choice of CFTC chairman will be particularly important
On December 19, JPMorgan Chase (JPM) stated in a report on Wednesday that Donald Trump's victory in the November presidential election has ushered in a new era for American cryptocurrencies. It pointed out that since his election, the total market value of cryptocurrencies has risen by about 65%. Analysts led by Kenneth Worthington wrote: "The new government not only brings a crypto-friendly sentiment but also shows enthusiasm for promoting this asset class; Trump's nomination of the chairman of the Commodity Futures Trading Commission (CFTC) is an element missing from the government's support for cryptocurrency agenda. The importance of this position lies in its potential to play a significant role in regulating Bitcoin (BTC) and Ethereum (ETH)."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Eurozone Bond Yields Edge Higher, German 10-Year Bund Yield Hits New 15-Year High -- Market Talk
Oracle's Larry Ellison Cancels Stock Sale Plan
Goldman Sachs interprets Meta (META.US) AI paradigm shift; MuseAI ushers in a new era of intelligent agents
Recently, Meta launched its personal AI agent product, Muse AI, marking the transition of consumer artificial intelligence from Q&A-based chatbots to an era of intelligent agents capable of independently completing real-world tasks. Goldman Sachs released a research report maintaining a “Buy” rating on Meta.
Crypto prices
More
