According to online reports, Bernstein said that the U.S. SEC and Senate Banking Committee are expected to adopt a friendly attitude towards cryptocurrencies after Trump takes office, and it is expected that cryptoassets will be re-rated because it is unclear whether these assets qualify for securities. In addition, both stablecoins and market structure bills are likely to make faster progress, which is good for stablecoins such as Circle and Paxos, as well as U.S. cryptocurrency exchanges and brokers/dealers.