ChainCatcher message, CITIC Securities research report states that if Trump plans to relax regulations on the cryptocurrency industry after taking office as President of the United States in 2025, the primary task will be to clarify the regulatory responsibilities and authorities of the industry. Against this backdrop, the '21st Century Financial Innovation and Technology Act,' currently shelved by the U.S. Senate, is expected to receive new momentum. With the anticipated relaxation of the U.S. regulatory environment, the U.S. stock market's cryptocurrency industry chain is expected to be positively boosted, and three directions are suggested for attention:

1) Increased trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges;

2) Favorable policies for the U.S. cryptocurrency industry are expected to promote growth in mining equipment demand;

3) The development of the U.S. cryptocurrency industry may benefit the U.S. utilities sector. (Jin Ten)