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According to a report by TheBlock, Standard Chartered Bank analyst Geoff Kendrick predicts that if the Republican Party successfully controls both houses of the US Congress, the cryptocurrency market value could reach $10 trillion by the end of 2026, a 300% increase from the current $2.7 trillion. Kendrick believes that a Republican led government may bring friendly policies, such as relaxing stablecoin regulations and adopting a more lenient stance at the US Securities and Exchange Commission, promoting significant benefits such as Bitcoin reserves. In addition, it is expected that fields such as encrypted gaming, tokenization, and decentralized IoT will benefit from a more friendly policy environment. @ygorpicolino
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