According to the credit rating agency, companies associated with digital assets would operate in a more predictable environment and anticipates developments related to legislation and custody of stablecoins by early 2025.

The credit rating agency S&P published a report on Wednesday in which it predicted that the return of the Donald Trump administration in the United States will produce a change in the legislative and regulatory environment for cryptocurrencies, which would translate into an acceleration of blockchain innovation in financial markets.

The study has thus asserted that companies associated with digital assets would operate in a more predictable environment, while, going into detail about the deadlines, S&P has indicated that they expect news related to legislation and the custody of 'stablecoins' by the beginning of 2025.

S&P credit analyst Andrew O'Neill has outlined that the lack of a regulatory framework for stablecoins in the United States has limited their adoption and potential uses in financial markets, such as their tokenization.

In addition, they have expressed the prediction that a stronger US involvement in this sector could lead to the commercial scale of already proven uses, both nationally and internationally.

BITCOIN AT HIGHS

Meanwhile, Bitcoin, the most valuable and best-known cryptocurrency on the market, was up 2.7% at 5:00 p.m. on Wednesday, reaching a new all-time high of around $95,000, in a context marked by widespread increases since the electoral victory of Republican Donald Trump in the United States.

According to market data consulted by Europa Press, the benchmark cryptocurrency has accumulated a rise of 41% since November 5, the date on which the presidential elections in the North American country were held.

Since then, when Bitcoin was trading at around $67,000, the cryptocurrency has continued to break historic highs and has more than doubled its value so far this year - specifically, it is up 123% since the close of 2023.