The department that regulates cryptocurrencies is called the SEC. In the past, they always troubled crypto companies, such as suing Coinbase for allegedly selling 'unregistered securities' (which are cryptocurrencies). Now that Trump is in office, the SEC has changed leadership, and the direction has shifted! Those lawsuits that were not considered fraud before are likely to be withdrawn, and Coinbase's lawsuit is almost being dropped. Furthermore, it is possible that companies will be allowed to boldly hold crypto assets in the future. Although new regulations won't come out immediately, as long as everyone feels that the regulations will loosen in the future, they will be willing to buy Bitcoin, and the price will naturally rise; if the policy advancement doesn't go smoothly, the price will be in jeopardy.