“It's hard to think how the election outcome could have been better for the industry, and expectations for major regulatory improvements will likely increase in the coming months and quarters,” David Lawant, head of research at crypto prime brokerage FalconX, said in a report Wednesday. “Such clarity could open up space for additional crypto ETF products, covering major crypto assets and potentially broader crypto indices as well, and provide more comfort for entrepreneurs and investors in US token launches.” However, Lawant warned of short-term risks, which may include “last-minute enforcement actions by departing officials.”