As Trump is about to take office, various states are responding to crypto policies
1. Trump policy expectations and state government support
During the campaign, former US President Trump proposed a plan to promote the development of cryptocurrencies, saying he would support the establishment of Bitcoin reserves and relax cryptocurrency regulations. This proposal has triggered positive responses from some state governments, including the following states:
Texas: It is recommended to establish a state-level Bitcoin reserve to support local economic construction and enhance the stability of the financial system.
Wyoming: Continue to promote blockchain and cryptocurrency legislation and advocate becoming the Bitcoin economic center of the United States.
Florida: The governor clearly expressed support for the innovative application of encryption technology in the financial system and plans to introduce more blockchain projects.
These policy directions show that some state governments in the United States are gradually paving the way for the development of Bitcoin, which has enhanced the market's optimistic expectations for future policies.
2. Changes in SEC's regulatory signals
The US Securities and Exchange Commission (SEC) recently hinted that it may take a more open attitude towards $BTC in its upcoming policies. The speech of the SEC chairman was interpreted by the market as a prelude to "regulatory relaxation."
The chairman of the SEC once said: "There is a consensus on the definition of Bitcoin as a commodity, and we are studying how to provide a clearer regulatory path for Bitcoin ETFs." It is reported that the SEC is reconsidering the pending Bitcoin spot ETF application and is expected to make a key decision early next year.
This statement is considered an important driving force behind the recent fluctuations in Bitcoin prices, and investors expect that more institutional investors will enter the market in the future.
