#SEC推迟多个现货ETF审批 Trump's first hundred days in office had a significant impact on the cryptocurrency market. His policy shift led to a loosening of industry regulations, including the signing of an executive order to establish a Bitcoin strategic reserve, the removal of restrictions on bank cryptocurrency activities from the Biden era, and support for the Financial Innovation and Technology Act of the 21st Century (FIT21) to accelerate legislation. These measures facilitated the entry of traditional capital, with the total market capitalization of cryptocurrencies exceeding $3 trillion in April 2025, and Bitcoin's market share reaching 61.4%. However, the personal issuance of 'Trump Coin' ($TRUMP) sparked market speculation, with prices plummeting from a high of $75 to less than $10, causing 813,000 wallets to suffer losses exceeding $2 billion, exposing the high-risk characteristics driven by policy.