According to Deep Tide TechFlow news, on December 25, CITIC Securities' latest research report pointed out that cryptocurrency has become a core asset of the 'Trump Trade,' with the S&P Cryptocurrency Index (BDM) having accumulated a 49.1% increase during the relevant trading phase. If Trump plans to ease regulations on the cryptocurrency industry after taking office as U.S. President in 2025, the primary task will be to clarify the regulatory responsibilities and authority in this industry.
The research report indicates that the U.S. federal government currently holds nearly $20 billion in cryptocurrency assets, and Pennsylvania and Texas have initiated legislation for Bitcoin strategic reserves. Trump has nominated cryptocurrency supporter Paul Atkins as the SEC chairman candidate and plans to appoint David O. Sacks as the White House advisor on AI and cryptocurrency affairs. Against this backdrop, the (21st Century Financial Innovation and Technology Act), currently stalled in the U.S. Senate, is expected to usher in new momentum. With expectations of a relaxation in the U.S. regulatory environment, the U.S. cryptocurrency industry chain is expected to be positively boosted.
Research report suggests focusing on three directions: 1) The rising trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges; 2) Favorable policies in the U.S. cryptocurrency sector are expected to promote the growth of mining machine demand; 3) The development of the U.S. cryptocurrency industry may benefit the U.S. utility sector. At the same time, it is important to be cautious of risk factors such as regulatory policies exceeding expectations, tightening risks from the Federal Reserve, technical security vulnerabilities, and escalating geopolitical conflicts.