ChainCatcher reported that according to Morningstar, investors seeking to extend the bull market in cryptocurrencies will pay close attention to any regulatory changes in 2025 and whether Trump’s promises to the crypto industry will be realized. Trump repeatedly vowed to support the crypto industry during his campaign and received support from several key figures in the industry.
Sean Farrell, head of digital assets at Fundstrat, explained: “The first 100 days of Trump’s term will be very, very important, as analysts often use the ‘first 100 days’ as a measure of the efficiency and influence of the incoming US president.” Although the incoming president has not yet detailed any specific plans, investors will be watching to see whether Trump will fulfill his promise to establish a strategic Bitcoin reserve in the United States, mainly including:
Clear guidelines on which cryptocurrencies should be classified as securities;
Will Trump fulfill his promise to establish a strategic Bitcoin reserve in the United States?
Any changes to the SAB121 bill, which establishes accounting standards for companies that custody cryptocurrencies and requires publicly traded companies, including banks, to recognize the cryptocurrencies they custody as liabilities on their balance sheets;
Will the Federal Reserve significantly lower its key policy interest rate in 2025?