The only regions with global influence in the cryptocurrency world are the United States and the Greater Chinese area.

I feel that for the next four years, the hope for the cryptocurrency world still lies in the United States, especially with various DeFi and permissionless products. Regulatory relaxation is thorough, and the explosion of AI entrepreneurship will drive the cryptocurrency sector, opening up possibilities for stablecoins and bank deregulation.

The power of CEX in the Chinese region is too strong, hindering innovation. Compliance and conservatism are only suitable for large companies. Previously, the Hong Kong SFC said it does not welcome DeFi, and Singapore has also started to expel unlicensed institutions; Hong Kong is likely to do the same after nurturing them.

However, if the Democratic Party returns to power in the United States, there will definitely be a massive reckoning. The Trump family and their cryptocurrency partners will face severe consequences. In Asia, the continuity of policies in Hong Kong may be somewhat more stable.