Bloomberg reported that cryptocurrency companies planning to hold an initial public offering (IPO) could benefit from Donald Trump’s victory. Analysts included USDC stablecoin issuer Circle and Bitcoin mining company Northern Data among them.
At the same time, a possible victory for the Republican candidate in the upcoming US elections will create problems for foreign platforms competing with American companies, experts noted.
Analysts paid special attention to the Chinese company Bitmain, which supplies cryptocurrency mining equipment to the United States. The company may suffer from a possible trade war that Trump may unleash against China, Bloomberg believes.
Overall, analysts said, the American segment of the crypto market expects the new White House administration to pursue a more harmonious and liberal policy and allow the industry to accelerate its development.
Earlier, the authorities of the states of Iowa, Arkansas, Indiana, Kansas, Montana, Nebraska and Oklahoma spoke out against the US Securities and Exchange Commission (SEC), calling its approach to regulating cryptocurrencies “stifling” the industry.
Source: Bits
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