Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, predicts that the global cryptocurrency market could soar to $10 trillion by 2026 if the Republican Party secures control of both chambers of the US Congress.
While the Senate and presidency are already under Republican leadership, the outcome of the House of Representatives remains uncertain, though Kendrick believes a Republican victory is likely.
Kendrick suggests that a Republican-controlled Congress would bring favorable policies that could drive a massive 300% growth in the crypto market, pushing its value from $2.7 trillion to $10 trillion. He highlights emerging sectors like crypto gaming, tokenization, and decentralized infrastructure (DePin) as areas poised to benefit from such political shifts.
Kendrick also speculates on potential regulatory reforms, including the repeal of SAB 121, a more favorable stance on stablecoins, and a more supportive approach from the SEC toward digital assets. He even mentions the unlikely but impactful possibility of a U.S. Bitcoin reserve.
Kendrick’s projections for 2025 include Bitcoin reaching $200,000 and Ethereum hitting $10,000, supported by a more crypto-friendly regulatory environment. He also notes that specialized tokens like Solana, designed for specific utilities, could outperform Bitcoin and Ethereum as the digital asset market continues to evolve.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.