According to the news from the Coin World Network, investors seeking a continuation of 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. "The first 100 days of Trump's term will be very, very important," said Sean Farrell, head of digital assets at Fundstrat, in a telephone interview. Politicians and analysts often use the "first 100 days" as a measure of the efficiency and influence of the incoming US president. Investors will pay attention to whether Trump will fulfill his promise to establish a strategic Bitcoin reserve in the United States, although the incoming president has not yet detailed any specific plans. Alex Thorn, head of company-wide research at crypto asset management company Galaxy Digital, said that crypto industry participants will also look for clear guidelines on which cryptocurrencies should be classified as securities. Investors will also pay attention to any changes to the SAB121 bill, which establishes accounting standards for companies that custody cryptocurrencies and requires public companies, including banks, to recognize the cryptocurrencies they custody as liabilities on their balance sheets. Meanwhile, investors will be watching closely to see whether the Fed will slash its key policy rate in 2025 after officials signaled on Dec. 18 that they may cut rates less next year than previously expected. The Fed’s rate decisions and their impact on the economy can be drivers for all risk assets.