According to PANews, investors seeking to sustain the cryptocurrency bull market are closely monitoring potential regulatory changes in 2025 and whether Donald Trump will fulfill his commitments to the crypto industry. Sean Farrell, Head of Digital Assets at Fundstrat, emphasized the significance of Trump's first 100 days in office, a period often used by politicians and analysts to gauge the effectiveness and impact of a new U.S. president.
Investors are particularly interested in whether Trump will follow through on his promise to establish a strategic Bitcoin reserve in the United States, although he has yet to provide specific plans. Alex Thorn, Head of Firmwide Research at Galaxy Digital, noted that participants in the crypto industry are also seeking clear guidelines on which cryptocurrencies should be classified as securities. Additionally, investors are watching for any changes to the SAB121 bill, which sets accounting standards for companies that custody cryptocurrencies, requiring publicly traded companies, including banks, to recognize the cryptocurrencies they hold as liabilities on their balance sheets.
Meanwhile, investors are keeping a close eye on whether the Federal Reserve will significantly lower its key policy rate in 2025. This follows indications from officials on December 18 that next year's rate cuts might be less substantial than previously anticipated. The Fed's rate decisions and their economic impact could drive all risk assets.