Trump claims that the U.S. wants to be the 'leader' in digital assets, which has a significant impact on the cryptocurrency world. Firstly, the policies he promotes could turn the U.S. into a 'regulatory model' for cryptocurrencies—such as the recently passed 'GENIUS Act' which sets rules for stablecoins, requiring them to be backed 1:1 by U.S. dollars or government bonds, and restricting foreign companies from entering the market. This will make the cryptocurrency space more regulated, and large institutions may be more willing to invest; companies like BlackRock have already been increasing their Bitcoin holdings.

Secondly, the Trump family is personally getting involved in the cryptocurrency business, such as the 'American Bitcoin' company founded by his sons going public, with stock prices once surging by 300%, and they also issued a TRUMP coin. Although many retail investors have lost money, it has indeed attracted attention. This dual operation of 'policy + capital' may heat up the market in the short term but also lays the groundwork for manipulation risks, as the price fluctuations of TRUMP coin are more thrilling than a roller coaster.

Additionally, the Federal Reserve has lifted restrictions on banks participating in cryptocurrencies, and traditional financial giants are starting to test the waters, such as JPMorgan launching the stablecoin JPMD, and Walmart is also considering issuing its own token. This signifies that the boundaries between cryptocurrencies and traditional finance are becoming blurred, which may elevate the industry's status in the long run, but it could also make the market more susceptible to U.S. dollar policies—such as Trump's tariff policies, which once caused Bitcoin to plummet, only to recover after he postponed tax increases.

However, Trump's 'ambitions' also come with risks. On one hand, his policies rely too heavily on personal will, such as suddenly announcing that Bitcoin would be treated as 'digital gold' reserves, but there is still no clear plan on how to implement this, leading to initial market gains followed by declines; on the other hand, other countries are also making moves, with the EU's MiCA legislation and China's pilot of offshore RMB stablecoins in Hong Kong, both of which could divert U.S. influence.

Overall, Trump's statements may make the cryptocurrency space more lively in the short term, but the long-term impact depends on whether the policies can be implemented and whether regulation can balance innovation and risk. For ordinary investors, in this wave of 'America First' cryptocurrency, opportunities and pitfalls may be equally plentiful, so it is important to keep a keen eye.