#特朗普 #美众议院通过FIT21法案
According to Fayyaz Shirzad, Coinbase's senior policy director, following Trump's election, the U.S. Congress is expected to quickly pass regulatory legislation concerning the cryptocurrency industry. This is because Trump has previously expressed clear support for cryptocurrencies, and the Republican Party has gained control of both the House of Representatives and the Senate, which will make the process of Congress approving cryptocurrency laws smoother. Currently, Congress is considering two key pieces of legislation, the '21st Century Financial Innovation and Technology Act' and the 'Payment Stablecoin Clarity Act,' which are expected to make significant progress and be passed. The former aims to establish a legal framework for digital assets, while the latter aims to create a regulatory system for stablecoin issuers.
Appointment of relevant officials: Trump has appointed former PayPal COO David Sacks as the head of artificial intelligence and cryptocurrency affairs at the White House. Sacks will guide the government's policies on artificial intelligence and cryptocurrencies, focusing on establishing a legal framework for the cryptocurrency industry to thrive in the U.S. Additionally, Trump appointed Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC), who is a supporter of the cryptocurrency field.
Market reaction
Bitcoin price surge: After Trump's victory, the price of Bitcoin saw a strong surge, breaking through the $80,000 mark and setting a new historical high. Since winning the election, Bitcoin's price has reached new heights, increasing by over 10% from November 6 to November 10, and rising about 40% over the past two months, with nearly a 80% increase for the year. In December, Bitcoin was trading around $97,511, facing resistance near the $100,000 threshold, but the overall increase remains significant.
Other cryptocurrencies follow suit: Not only Bitcoin, but other cryptocurrencies such as Ethereum, Litecoin, Dogecoin, and Ripple also experienced explosive growth. For instance, Ethereum rose 5.99% in the 24 hours following November 6, and Ripple has recently seen parabolic growth as investors anticipate that the U.S. Securities and Exchange Commission (SEC) will withdraw its crackdown, with some investment firms seeking to launch Ripple.
