The market is likely to bifurcate: the US may foster a compliant privacy sector with selective disclosure tools, while Europe and Asia may push privacy-by-default coins like Monero into peer-to-peer markets and off centralized exchanges.
"So we are heading towards a bifurcation of the market. On one side, you might have the US under a new administration fostering a compliant privacy sector where tools like Zcash or protocols like Aztec and Rail Gun thrive because they offer selective disclosure. On the other side, you have Europe and Asia where privacy by default coins like Monero might be pushed entirely into the peer-to-peer shadows, delisted from all centralized exchanges."