Standard Chartered Bank: Under Trump's administration, the market value of cryptocurrencies could rise to $10 trillion by 2026

ChainCatcher news, according to CoinDesk, Standard Chartered Bank stated in a research report that the significant victory of the Republican Party in the United States will enable the new government to implement proactive policies in the digital asset sector, which could inflate the total market value of cryptocurrencies to $10 trillion by the end of 2026.

Standard Chartered Bank indicated that in the early days of the new Trump administration, the cryptocurrency market will face many favorable factors, including regulatory changes and adjustments in positions at the U.S. Securities and Exchange Commission (SEC). These factors may lead the government to adopt a more lenient stance towards digital assets. These positive developments could increase the total market value of cryptocurrencies from the current $2.5 trillion to $10 trillion by the end of 2026.