TechFlow news, November 6 — According to Coindesk, with the results of the U.S. election now confirmed, a crypto-friendly Securities and Exchange Commission (SEC) and Senate Banking Committee are expected to emerge.
Bernstein stated that progress on stablecoin and market structure legislation is anticipated to accelerate, which is a positive signal for stablecoin issuers such as Circle and Paxos, as well as major U.S. cryptocurrency exchanges and broker-dealers.
Analysts expect clearer definitions between digital assets and securities, and potentially the launch of additional exchange-traded fund (ETF) products based on other cryptocurrencies.
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