Recently, influenced by the news of Trump's appointment of a new chairman for the U.S. Securities and Exchange Commission (SEC), the market's expectations for cryptocurrencies have significantly heated up. In particular, Paul Atkins, a popular candidate seen as a friendly supporter of the cryptocurrency industry, has directly ignited market sentiment with his possible appointment. The cryptocurrency stablecoin project RSR surged over 130% in a single day, with a cumulative increase of more than 8 times since October. This phenomenon has sparked heated discussions in the market regarding related cryptocurrency tokens and policy directions.
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Paul Atkins: A potential ally in the cryptocurrency industry
According to sources, Trump has chosen Paul Atkins to be the next SEC chairman and is waiting for him to accept the appointment. Current chairman Gary Gensler is expected to leave on January 20, 2025. If Atkins takes office, he will become an important policy advocate for the cryptocurrency industry.
Atkins was an SEC commissioner during the George W. Bush administration, known for his pragmatic style opposing 'imposing heavy fines on companies violating securities laws.' He is currently the founder of consulting firm Patomak Global Partners and has long served as co-chair of the Token Alliance, dedicated to promoting the development of digital assets and the blockchain industry. His deep understanding of cryptocurrency technology and extensive experience at the SEC make him a market-expected turning point for cryptocurrency policy.
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Three major expectations for the cryptocurrency market
The market holds high hopes for Paul Atkins' possible appointment and derives three potential favorable directions:
1. The linkage effect of Bitcoin and Ethereum ecosystem tokens The approval of Bitcoin and Ethereum ETFs has already brought significant capital inflows. With the policy becoming more cryptocurrency-friendly, more funds may enter these ecosystems, driving up the prices of their related tokens.
2. More applications for cryptocurrency ETFs and approvals The new SEC chairman may significantly ease the approval process for cryptocurrency ETFs, which may benefit the involved concept tokens. Tokens closely related to mainstream chains and technological innovations, such as XRP, RSR, ADA, ALGO, and HBAR, will become the market focus.
3. More moderate cryptocurrency policies More friendly regulatory policies will benefit DeFi, public chains, and RWA (real-world assets) related tokens, bringing new upward opportunities for financial cryptocurrency assets.
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Why did RSR soar?
The surge of RSR is not only due to market policy expectations but also includes its potential technological value and the connection between Paul Atkins and the project party. In fact, this surge is similar to the market's speculative expectations for Bitcoin before Trump's election - 'the big players already knew the outcome, rising in advance to show respect.' If the new policy is realized, RSR may become one of the most direct beneficiaries.
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Future trends and layout suggestions
1. Policy-driven tokens Focus on Bitcoin, Ethereum, and their ecosystem-related tokens, such as Layer 2 and DeFi projects, which will attract more institutional capital due to favorable policies.
2. ETF concept tokens Focus on XRP, RSR, ADA, ALGO, HBAR, and other tokens that may benefit from ETF approvals.
3. Public chains and RWA Public chain projects and RWA-related tokens will welcome upward opportunities due to regulatory easing and favorable policies.
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Risks and opportunities coexist
Although the 'hundredfold opportunity' is a market gimmick, the cryptocurrency market has already shown immense potential and imaginative space. The appointment of Paul Atkins may just be a starting point; the real market trend still requires a dual push from policy and capital. For investors, understanding the logic and seizing policy dividends is key in this market wave.
The future has arrived, are you ready?
