【CITIC Securities: Trump’s Return to Power Marks a New Chapter for Cryptocurrency Regulation in the U.S.】 Jin Ten Data December 25 - CITIC Securities Research Report states that if Trump plans to relax regulations on the cryptocurrency industry after taking office as U.S. President in 2025, the top priority will be to clarify the regulatory responsibilities and authorities in this industry. Against this backdrop, the currently shelved '21st Century Financial Innovation and Technology Act' in the U.S. Senate is expected to receive a new impetus. With expectations of a relaxed regulatory environment in the U.S., the cryptocurrency industry chain in U.S. stocks is expected to receive a positive boost, and three directions are recommended for attention: 1) Increased trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges; 2) Policy benefits for the U.S. cryptocurrency industry are expected to promote the growth of mining machine demand; 3) The development of the U.S. cryptocurrency industry may benefit the utility sector in U.S. stocks. (Source: Jin Ten Data)