Investors seeking to sustain the cryptocurrency bull market will closely watch for any regulatory changes in 2025, as well as whether Trump's commitments to the crypto industry will materialize. Trump has repeatedly vowed to support the crypto industry during his campaign and has received backing from several key figures in the sector. Fundstrat’s head of digital assets Sean Farrell explained, 'The first 100 days of Trump's presidency will be very, very important, as analysts often use the 'first 100 days' as a benchmark for gauging the effectiveness and influence of a newly elected U.S. president.' Although the incoming president has yet to detail any specific plans, investors will be looking to see if Trump fulfills his promise to establish a strategic Bitcoin reserve in the U.S., primarily including:
1. Clear guidelines on which cryptocurrencies should be classified as securities;
2. Whether Trump will fulfill his promise to establish a strategic Bitcoin reserve in the U.S.;
3. Any changes to the SAB121 bill, which establishes accounting standards for companies holding cryptocurrency, requiring publicly traded companies, including banks, to recognize their held cryptocurrencies as liabilities on their balance sheets;
4. Whether the Federal Reserve will significantly lower its key policy interest rates in 2025. (Morningstar)

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