According to Shenchao TechFlow news, on December 25, CITIC Securities' latest research report pointed out that cryptocurrency has become the core asset of the 'Trump Trade,' with the S&P Cryptocurrency Index (BDM) having risen by 49.1% during the related trading period. If Trump plans to relax regulations on the cryptocurrency industry after assuming the presidency in 2025, the primary task will be to clarify the regulatory responsibilities of the industry.
The research report indicates that the US federal government currently holds nearly $20 billion in cryptocurrency assets, and Pennsylvania and Texas have initiated legislation for Bitcoin strategic reserves. Trump has nominated cryptocurrency supporter Paul Atkins as the SEC chairman candidate and plans to appoint David O. Sacks as White House advisor on AI and cryptocurrency affairs. Against this backdrop, the (21st Century Financial Innovation and Technology Act), currently shelved by the US Senate, is expected to receive new momentum. With anticipated easing of the US regulatory environment, the US cryptocurrency industry chain is expected to receive a positive boost.
Research report suggests focusing on three directions: 1) The increase in trading activity in the US cryptocurrency industry may benefit US stock cryptocurrency exchanges; 2) Favorable policies for the US cryptocurrency industry are expected to promote growth in mining machine demand; 3) The development of the US cryptocurrency industry may benefit the US utility sector. At the same time, it is necessary to be vigilant about risks such as regulatory policies exceeding expectations, risks of Federal Reserve tightening, technical security vulnerabilities, and escalating geopolitical conflicts.