#加密市场反弹

① Shift in U.S. Regulatory Attitude: Paul Atkins, the new chairman of the U.S. Securities and Exchange Commission (SEC), clearly stated at a crypto roundtable that DeFi platform developers will not be held federally liable under securities laws for code misuse, and called for the creation of 'forward-looking guidelines' to regulate industry innovation. This statement is seen as a turning point in regulatory attitudes towards blockchain technology, shifting from repression to support, directly stimulating price rebounds in ecosystems like Ethereum. Additionally, bipartisan progress has been made on the 'GENIUS Act,' with the U.S. House of Representatives releasing a discussion draft of the cryptocurrency market structure bill, further clarifying the regulatory framework and reducing market uncertainty.

② Policy Signals from the Trump Administration: The Trump administration has released friendly signals towards crypto assets, including the potential easing of tariff pressure on certain countries (such as Canada and Saudi Arabia), and promoting Bitcoin as a potential 'reserve asset beyond gold.' Although the 'business negotiation tactics' employed under its policy pressure may temporarily increase volatility, they ultimately accelerate the achievement of multilateral agreements, creating favorable conditions for mainstream cryptocurrencies (such as $BTC , ETH).