Agency: Trump's rise to power should boost the crypto industry, but uncertainties remain
2024-11-12 13:39:47
Cryptocurrences will benefit from a more favorable regulatory and political backdrop under U.S. President-elect Trump, but uncertainty about future policy remains, according to Deutsche Bank Research Analyst Marion Laboure. The incoming Trump administration is likely to accelerate regulatory transparency, strengthen institutional engagement, improve market infrastructure, and be more widely adopted by the mainstream, she said in a report. Policy uncertainty remains a key factor driving prices higher, though. Laboure said, "It is important to highlight that we could see potential turbulence if the regulatory reforms to the crypto industry anticipated by the Trump administration fall short of market expectations."
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