Standard Chartered Bank analyst: If Republicans take control of the U.S. Congress, the market value of the crypto market is expected to triple

Odaily Odaily News According to the forecast of Standard Chartered Bank analyst Geoff Kendrick, if the Republicans successfully control both houses of the U.S. Congress, the market value of the crypto market may reach 10 trillion U.S. dollars by the end of 2026, a 300% increase from the current 2.7 trillion U.S. dollars. Kendrick believes that the Republican-led government may bring friendly policies, such as relaxing stablecoin regulations and taking a more relaxed stance at the U.S. Securities and Exchange Commission, promoting major benefits such as Bitcoin reserves. In addition, it is expected that areas such as crypto games, tokenization and decentralized Internet of Things will benefit from a more friendly policy environment. (TheBlock)