【CITIC Securities: Trump Returns to Power, New Chapter for Cryptocurrency Regulation in the U.S.】 Jin Shi Data, December 25 - CITIC Securities' research report states that if Trump plans to ease regulations on the cryptocurrency industry after taking office as President of the United States in 2025, the primary task will be to clarify the regulatory responsibilities of the industry. Against this backdrop, the '21st Century Financial Innovation and Technology Act,' currently stalled in the U.S. Senate, is expected to receive new momentum. With expectations of a relaxed regulatory environment in the U.S., the cryptocurrency industry chain in U.S. stocks is expected to receive a positive boost, suggesting attention to three areas: 1) Increased trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges; 2) Favorable policies for the U.S. cryptocurrency industry are likely to promote growth in demand for mining machines; 3) The development of the U.S. cryptocurrency industry may benefit the U.S. utility sector. (Source: Jin Shi Data)