Standard Chartered Bank analyst: If Republicans control the U.S. Congress, the market value of the crypto market is expected to triple."
According to online reports, according to a forecast by Standard Chartered Bank analyst Geoff Kendrick, if the Republican Party successfully controls both houses of the U.S. Congress, the market value of the crypto market may reach US$10 trillion by the end of 2026, an increase of 300% from the current US$2.7 trillion. Kendrick believes that a Republican-led government may bring friendly policies, such as relaxing stablecoin regulations and adopting a more relaxed stance at the U.S. Securities and Exchange Commission to promote major benefits such as Bitcoin reserves. In addition, areas such as crypto games, tokenization and the decentralized Internet of Things are expected to benefit from a more friendly policy environment.
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