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Standard Chartered: The probability of Trump including BTC in the US strategic reserve is slim, but it will be overturned after taking office. SAB121 encryption accounting law
After Trump's victory, the market's expectations for his previous encryption policies surged, thereby driving BTC to continue to break historical highs. However, analysts at Standard Chartered Bank stated that the probability of making BTC a strategic reserve for the United States is "very low," but the Trump administration may release a series of Favourable InformationCryptocurrency policies after taking office. (Background: Standard Chartered Bank is bullish on BTC breaking the 12.5 million US dollar mark by the end of the year and rising by 60% in 2025) After Trump's successful presidential election, the market's expectations for his previous encryption policies surged, driving BTC from 69,000 US dollars to break through 81,000 US dollars, reaching a high of 81,846 today, continuously breaking historical highs. Extended reading: Inventory of Trump's "full support for Cryptocurrency" promises: BTC strategic reserves, dismissal of SEC chairman, no issuance of CBDC... Creating a BTC reserve is a low probability event Against the backdrop of Trump's victory, the market expects the Trump administration's pro-Cryptocurrency attitude to usher in a golden age for the currency circle. Le Shi, Executive Director of Auros, said in an interview with Bloomberg: The dust has just settled on Trump's victory, and because the market believes that Trump supports Cryptocurrency, it is only a matter of time before prices rise, which is what we are seeing now. In addition, Binance CEO Richard Teng told the Financial Times that Trump's victory is a major victory for Cryptocurrency: Trump's victory marks the beginning of a "golden age" for the Cryptocurrency industry, which is a "great victory" for Cryptocurrency. It is expected that Trump's second term will accelerate M&A activities in the Cryptocurrency field. However, among Trump's many promises before the election, some statements may face legal challenges, such as "firing SEC chairman Gary Gensler on the first day in office." However, since Gensler's term will continue until July 2026, and the U.S. Securities and Exchange Commission is an independent agency, Trump does not have the authority to directly dismiss him, so this promise may just be a rhetoric to hype the atmosphere at the BTC conference. However, based on past experience, SEC chairmen usually volunteer to resign during a change of administration. Analyst: Probability of establishing a strategic reserve fund for BTC is low Moreover, regarding whether Trump will establish a BTC reserve, Standard Chartered Bank analyst Geoff Kendrick said that the possibility of the United States establishing a strategic reserve fund for BTC is "very low." However, Kendrick also pointed out that if the Republican Party takes full control, the new government may immediately promote policies supporting digital assets, such as abolishing Staff Accounting Bulletin No. 121 (SAB121), stablecoin regulation, and may allow the SEC to take a more lenient attitude towards digital assets. Extended reading: How will the failure of the U.S. House of Representatives to overturn the SEC's forced implementation of SAB 121 accounting rules affect the encryption industry? In addition, Kendrick also stated that under full Republican control, areas such as GameFi, tokenization, and DePin may benefit from the policies of the Trump administration and experience full development: We believe that these positive developments are sufficient to increase the overall market value of digital assets from the current 2.5 trillion US dollars to 10 trillion US dollars by the end of 2026. Related reports: The most ever! 284 pro-encryption candidates enter Congress, is Trump's encryption-friendly policy the strongest backing? What should the encryption industry do next after Trump's victory? BTC breaks through 79,700 US dollars, "knocking on the door of 80,000 U"! MicroStrategy's BTC floating profit exceeds 10 billion U. (Standard Chartered: The probability of Trump including BTC in the U.S. strategic reserve "is slim," but he will overturn SAB121 encryption accounting law after taking office) This article was first published in BlockTempo, the most influential blockchain news media in the dynamic area.