JPMorgan Chase (JPM) said in a report on Wednesday that Donald Trump’s victory in the November presidential election has ushered in a new era for U.S. cryptocurrencies, noting that since his victory, The total market capitalization of cryptocurrencies has increased by approximately 65%. Analysts led by Kenneth Worthington wrote: “Not only does the new administration bring a sense of crypto-friendliness, but it has also shown enthusiasm for promoting the asset class; Trump nominates CFTC (CFTC) Chairman is the missing piece in the government’s pro-crypto agenda. The position is important because of the important role it could play in regulating Bitcoin (BTC) and Ethereum (ETH).”