Bloomberg reported that cryptocurrency companies intending to conduct a public offering of shares (IPO) will be able to benefit from Donald Trump's victory. Analysts attributed to them the issuer of the USDC Circle stablecoin, and the bitcoin mining company Northern Data.
At the same time, the possible victory of 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 equipment for mining cryptocurrencies in the United States. The company may suffer from a possible trade war that Trump may unleash against China, according to Bloomberg.
In general, analysts said, the American segment of the crypto market expects that the new White House administration will pursue a more harmonious and liberal policy, and will allow the industry to accelerate development.
Earlier, the authorities of Iowa, Arkansas, Indiana, Kansas, Montana, Nebraska and Oklahoma opposed the U.S. Securities and Exchange Commission (SEC), calling its approach to regulating cryptocurrencies "suffocating" for the industry.