#特朗普国会演讲

If Trump mentions cryptocurrency policy in his congressional speech, it may lead to short-term market volatility. Recently, his campaign team has repeatedly signaled 'support for innovation,' emphasizing an anti-CBDC stance and criticizing the Democrats for excessive regulation (such as the SEC lawsuit against Coinbase). If there is a softening of regulatory expectations, it may stimulate speculation in MAGA-related coins (TRUMP, POLITICO). However, one must be wary of 'political benefits' leading to profit-taking after realization, and the Biden administration's high-pressure policies are unlikely to reverse in the short term. In the long run, the two-party competition during the U.S. election year may amplify policy uncertainty in the crypto space, and Bitcoin could be pulled in both directions by risk-off/risk sentiment. Pay attention to the correlation between Coinbase's stock price and the volatility of mainstream coins after the speech.