As Bitcoin hits new all-time highs and flirts with $93,000, the cryptocurrency market is in full swing. The election of Donald Trump and the Republican takeover of the US Congress have boosted hopes for more favorable crypto-regulation, promising a clear legal framework and greater opportunities for the ecosystem.
In this context, the financial giant JPMorgan published an analysis predicting six key changes in the regulation and market of cryptocurrencies under the Trump administration. These prospects, while positive for the industry, also come with some challenges. We are taking inventory.
- Bitcoin hit new all-time highs, surpassing $93,000, creating excitement in the cryptocurrency market.
- JPMorgan predicted six major changes to cryptocurrency regulation under the Trump administration with key legislation and SEC strategic developments.
6 Major Changes JPMorgan Plans for Bitcoin and Cryptocurrencies
Approval of major laws
Analysts anticipate the ratification of several pending laws, such as Financial Innovation and Technology for the 21st Century Act (FIT21)which will clarify the roles of the SEC and CFTC.
THE Clarity for Payment Stablecoins Act could exclude stablecoins from the framework of financial securities, while Act on State Protection of Central Bank Digital Currencies would slow down the development of MNBC in favor of private stablecoins.
SEC strategy development
The SEC’s enforcement policy could evolve toward a more cooperative approach.
High-profile lawsuits against Coinbase could be dropped and regulatory notices issued to companies like Robinhood or Uniswap could be reviewed, reducing legal risks for the entire ecosystem.
Increased role of banks in managing digital assets
With potential repeal of SAB 121guidelines restricting bank holdings of cryptocurrencies could become major players in the custody of digital assets.
This development would allow institutional clients to democratize access to cryptocurrencies.
The rise of spot ETFs
JPMorgan expects approval of spot ETFs to accelerate, not just for Bitcoin, but also for assets like XRP or Solana. Growing interest in multi-token ETFs could attract more institutional investors.
The Rise of venture capital investment and mergers and acquisitions
Regulatory clarity could boost funding for crypto startups, M&A and IPOs. Analysts also cite Wyoming as a model for regulating DAOs, giving them legal status while maintaining their decentralized nature.
BITCOIN Act: an ambitious but unlikely project
This bill aims to make Bitcoin a strategic reserve asset, allowing the United States to acquire up to 5% of its total supply over five years. Although this could legitimize Bitcoin and increase its price, JPMorgan sees its implementation as unlikely in the short term.
Half revolution
JPMorgan’s outlook suggests a period of deep transformation for the crypto ecosystem under the Trump administration. While the expected reforms could strengthen legal certainty, attract institutional capital and accelerate innovation, some ambitions such as the BITCOIN Act still seem far from reality.
As America prepares to enter the new crypto era, the eyes of the world remain on Washington. How these reforms are implemented could well define the balance between technological innovation and regulation, and thus the future of cryptocurrencies on the global stage.
