JPMorgan Chase: Trump's victory has six potential impacts on the crypto market, and the possibility of Bitcoin becoming a strategic reserve in the United States is very low

Foresight News reported, according to The Block, JPMorgan has released a report analyzing the potential changes in the crypto market if Trump returns to the White House. The report suggests that policies under Trump's leadership could have six potential impacts on the crypto currency market: several stalled crypto currency bills, including the 21st Century Financial Innovation and Technology Act (FIT21), may be quickly approved; the enforcement strategy of the U.S. Securities and Exchange Commission may evolve into a more collaborative approach, with lawsuits against companies like Coinbase likely to be softened, settled or withdrawn; the SEC's Staff Accounting Bulletin 121 (SAB 121) restricting banks' holding of digital assets may be repealed; the SEC may delay or require reapplication for new ETFs of XRP, SOL, etc.; clearer regulation may increase venture capital funding, mergers and acquisitions, and initial public offerings in the crypto industry; and the likelihood of a bill establishing Bitcoin as a strategic reserve asset for the U.S. is low.