According to TechFlow, on November 8, Forbes said that the cryptocurrency market rose after Donald Trump was elected as the US president, and the industry expected that the Trump administration would bring benefits.
Experts point out that despite the positive outlook, there is still uncertainty in the implementation of specific policies. The Trump administration is expected to be more friendly to the crypto industry than the Biden administration, and the key lies in Trump's nominations for the heads of the SEC, CFTC and the Treasury Department.
The industry expects the SEC and CFTC to issue joint guidance on the classification of tokens, which tends to classify most tokens as commodities rather than securities. This issue may also be addressed through the (21st Century Financial Innovation and Technology Act).