Bernstein: A cryptocurrency-friendly SEC and Senate Banking Committee are expected after Trump's victory

ChainCatcher news, according to CoinDesk, with the announcement of the U.S. election results, a cryptocurrency-friendly Securities and Exchange Commission (SEC) and Senate Banking Committee are expected to emerge.

Bernstein stated that the progress of stablecoin and market structure legislation is expected to accelerate, which is a positive signal for stablecoin issuers like Circle and Paxos, as well as major U.S. cryptocurrency exchanges and brokers.

Analysts expect a clearer definition of digital assets and securities, and the potential launch of more exchange-traded fund (ETF) products based on other cryptocurrencies.