Trump's administration is definitely good for the cryptocurrency industry, and there will be many professionals in the crypto industry in the future government. Bitcoin's current price has room for growth in the long run.

Quoting a report from JPMorgan Chase:

1. Several stalled cryptocurrency bills may be approved quickly, including the 21st Century Financial Innovation and Technology Act (FIT21);

2. The SEC's enforcement strategy may evolve into a more collaborative approach, and lawsuits against companies such as Coinbase may be softened, settled, or even withdrawn;

3. SEC Staff Accounting Bulletin No. 121 (SAB 121), which restricts banks from holding digital assets, may be repealed;

4. The U.S. SEC may delay the approval of new ETFs such as XRP and SOL or require reapplication;

5. Clearer regulation may increase venture capital funding, mergers and acquisitions, and initial public offerings in the crypto industry;

6. The bill to establish Bitcoin as a strategic reserve asset for the United States is unlikely to be approved.

It is becoming easier and easier for relevant bills to be approved, and the relevant blockchain industry will become more and more relaxed. SOL will only have the possibility of passing the ETF if its size increases. It is not possible now. There are expectations that can help boost the market. I also hope that the strategic reserve can be passed, and the United States has a separation of powers!