#特朗普 #美众议院通过FIT21法案
According to Fayyaz Shirzad, Coinbase's senior policy director, following Trump's election, the U.S. Congress is expected to quickly pass regulatory legislation concerning the cryptocurrency industry. This is because Trump has previously expressed clear support for cryptocurrencies, and the Republican Party has gained control of both the House of Representatives and the Senate, which will make the process of Congress approving cryptocurrency laws smoother. Currently, Congress is considering two key pieces of legislation, the '21st Century Financial Innovation and Technology Act' and the 'Payment Stablecoin Clarity Act,' which are expected to make significant progress and be passed. The former aims to establish a legal framework for digital assets, while the latter aims to create a regulatory system for stablecoin issuers.

Appointment of relevant officials: Trump has appointed former PayPal COO David Sacks as the head of artificial intelligence and cryptocurrency affairs at the White House. Sacks will guide the government's policies on artificial intelligence and cryptocurrencies, focusing on establishing a legal framework for the cryptocurrency industry to thrive in the U.S. Additionally, Trump appointed Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC), who is a supporter of the cryptocurrency field.

Market reaction
Bitcoin price surge: After Trump's victory, the price of Bitcoin saw a strong surge, breaking through the $80,000 mark and setting a new historical high. Since winning the election, Bitcoin's price has reached new heights, increasing by over 10% from November 6 to November 10, and rising about 40% over the past two months, with nearly a 80% increase for the year. In December, Bitcoin was trading around $97,511, facing resistance near the $100,000 threshold, but the overall increase remains significant.

Other cryptocurrencies follow suit: Not only Bitcoin, but other cryptocurrencies such as Ethereum, Litecoin, Dogecoin, and Ripple also experienced explosive growth. For instance, Ethereum rose 5.99% in the 24 hours following November 6, and Ripple has recently seen parabolic growth as investors anticipate that the U.S. Securities and Exchange Commission (SEC) will withdraw its crackdown, with some investment firms seeking to launch Ripple.

$SAND
SAND
0.46 The downward trend has been effectively adjusted, and the bullish wave is expected to come🚀🚀🚀
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Embracing Bitcoin Strategy Works: Trump's Election Drives Market Value Over $1.6 Trillion

Trump's market surge causes Bitcoin to soar, with market value peaking over $1.6 trillion, becoming the ninth largest financial asset in the world.

The United States has officially recognized the legality of Bitcoin ETF trading this year. The U.S. Securities and Exchange Commission (SEC) officially approved 11 Bitcoin spot ETF applications submitted by companies including Blackrock, ARK Invest, and Grayscale, on January 11, 2024. This is a significant milestone for the virtual currency industry and marks the beginning of Bitcoin spot ETFs as qualified capital market investment tools.
However, regarding this policy, SEC Chairman Gary Gensler issued a statement emphasizing that Bitcoin is a speculative and highly volatile asset, often used for illegal activities. The SEC's approval of Bitcoin spot ETFs does not represent approval or recognition of Bitcoin, and investors are reminded to be cautious and assess risks.

Nonetheless, the asset scale of virtual currencies has become the elephant in the room that cannot be ignored by any country. The United States has taken the lead in embracing Bitcoin, with Trump considering himself the most pro-cryptocurrency candidate, gaining support in this field.

Thus, the open attitude towards Bitcoin has become this 'atypical' financial policy battleground. Trump has stated that if he returns to the White House, he wants to make the U.S. the 'crypto capital of the earth' and a 'world power in Bitcoin,' and he will establish a strategic Bitcoin reserve that will never be sold. He will also remove SEC Chairman Gary Gensler, who has a conservative stance on cryptocurrency.

Trump's election can be seen as a new milestone for cryptocurrency, and the future outlook is promising, with a flourishing era about to begin.

Finally, I would like to share a concept from Musk's Mars Dog #Marvin , #Marvin7055 . The community of thousands continues to grow, recently not only rescuing stray dogs but also starting to assist orphans in Chiang Mai, Thailand. The call is to help stray dogs, but the actual work is aimed at helping people, events, and things in need around the world! It is a community filled with love, unity, and strong consensus, with a solid core. Coupled with the Buff of the Meme Emperor, it will surely have its place in this bull market!

#MARVIN
#美众议院通过FIT21法案 #BTC挑战8W2大关
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