#SEC推迟多个现货ETF审批

On April 30, 2025, Trump will have been back in the White House for 100 days. This self-proclaimed 'Crypto President' has driven an unprecedented blockchain revolution with thunderous means, reshaping the global power dynamics of the crypto market from regulatory frameworks to national strategic reserves, from technological applications to geopolitical games. This '100-Day Experiment' not only reshaped the industry rules but also exposed the deep paradox of the fusion of power and technology.

1. Policy Frenzy: From 'Regulatory Sandbox' to National Strategic Reserves

Trump's new blockchain policy unfolded with a 'three-step' strategy, constructing an American-led crypto hegemony system:

1. Regulatory Easing and Personnel Blitz

◦ SEC Restructuring: Appointing crypto-friendly Paul Atkins as SEC Chair, dismissing lawsuits against companies like Coinbase and Ripple, and abolishing the Accounting Bulletin No. 121 that hindered institutional entry.

◦ Legislative Breakthrough: Promoting the 'FIT21 Act' to clarify the division of responsibilities between the SEC and CFTC, with Congress passing a resolution to exempt DeFi platform broker rules, paving the way for compliance.

◦ Regulatory Sandbox: The former Chief Legal Officer of Coinbase appointed as the Director of the SEC Enforcement Division, accelerating the rollout of the 'Innovator Protection List,' with 9 crypto companies granted immunity privileges.