Hey, friends in the cryptocurrency circle! Recently, the crypto world has ushered in a series of heavyweight news, and the 'culprit' behind it all is actually Trump! When Trump officially returns to the White House, his series of actions are like a boulder thrown into a calm lake, stirring up waves in the cryptocurrency field, and may even reshape the global cryptocurrency landscape.
Trump's new policy: a super 'booster' for the cryptocurrency industry
After taking office, Trump quickly signed a series of executive orders, which can be seen as a 'timely rain' for the cryptocurrency industry.
First, he established a presidential working group on digital asset markets, led by David Sacks, who has extensive experience in artificial intelligence and cryptocurrency, with members including key personnel from the Treasury, SEC, and Commodity Futures Trading Commission (CFTC).
This committee is no simple matter; they are tasked with developing a federal regulatory framework for digital assets and evaluating the possibility of establishing a national digital asset strategic reserve. This initiative undoubtedly lays the foundation for the standardized development of the cryptocurrency industry, like determining the course for a ship sailing in turbulent waters.
At the same time, the Senate Banking Committee on digital assets also welcomed important personnel changes. Wyoming Republican Senator Cynthia Lummis, who has been actively promoting the development of digital assets, was elected as the chair of the committee.
She once proposed that the US establish a Bitcoin reserve and purchase one million Bitcoins within five years. According to her, the committee will focus on legislation regarding crypto assets and Bitcoin, covering key areas such as digital asset market structure, stablecoin regulatory norms, and Bitcoin strategic reserves. This series of actions seems to indicate that the US is about to make significant strides in the cryptocurrency field.
Not only that, but Trump also urged relevant departments to reassess current digital asset regulations and encouraged proposals to abolish or amend unnecessary regulatory barriers.
This is undoubtedly a deregulation move for the cryptocurrency industry, allowing innovative vitality to be more fully unleashed. Moreover, Trump explicitly prohibits any institution from establishing or promoting Central Bank Digital Currencies (CBDCs), as he believes it would excessively infringe on personal financial freedom.
At the same time, the previous government's excessive regulatory policies on cryptocurrency have been rescinded, freeing the industry from certain constraints.
Moreover, Trump fulfilled his campaign promise by granting a complete and unconditional pardon to Ross Ulbricht, who was sentenced to life in prison plus 40 years for operating the dark web market Silk Road.
This series of initiatives fully demonstrates the Trump administration's determination to promote the development of digital assets, also giving the market hope for the future development of the cryptocurrency industry.
Calls for Federal Reserve interest rate cuts: 'adding fuel to the fire' for cryptocurrency
In addition to vigorously supporting cryptocurrency through executive orders, Trump has also turned his attention to the Federal Reserve. He has repeatedly called for the Federal Reserve to immediately cut interest rates, believing that lowering rates can stimulate economic development and reduce global oil prices and taxes.
In recent months, Trump has been vocally criticizing Federal Reserve Chairman Jerome Powell, even stating, 'I understand interest rate issues much better than they do.'
This public pressure highlights Trump's strong demand for monetary policy. For the crypto market, Trump's stance is undoubtedly good news. Loose monetary policy can often inject more liquidity into the cryptocurrency market, akin to 'adding fuel to the fire' for cryptocurrency development, creating a more favorable market environment.
SEC regulatory adjustment: 'escorting' the compliant development of cryptocurrency
Against the backdrop of the US government actively promoting cryptocurrency development, the SEC has also been busy. The SEC rescinded the controversial accounting rule - Staff Accounting Bulletin No. 121 (SAB121).
This rule previously required companies to record liabilities and corresponding assets for crypto assets held for users, greatly increasing operational complexity.
Now, the SEC allows companies to assess their obligations to protect crypto assets based on broader US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
This regulatory adjustment is seen as a significant shift in the SEC's approach to crypto asset regulation, clearing a major obstacle for the compliant development of the cryptocurrency industry, like paving a smoother path for its growth.
The mainstreaming process of cryptocurrency accelerates, where will it go in the future?
With Trump's series of executive orders, calls for Federal Reserve interest rate cuts, and SEC regulatory adjustments, the mainstreaming of cryptocurrency seems to be entering an accelerated phase.
These policies will not only have a profound impact on the US domestic market but may also change the acceptance and regulatory environment of digital assets globally.
Cryptocurrency, as an emerging asset class, is gradually gaining attention from countries around the world. More and more nations are beginning to explore how to promote innovation in the cryptocurrency industry under reasonable regulation to protect investors' interests. The global attitude towards cryptocurrency is shifting from cautious observation to active exploration and acceptance.
It can be anticipated that in such an environment, the ecology of the global digital asset market will become more diverse. The mainstreaming of cryptocurrency requires continuous technological innovation, as well as support from policies and widespread market recognition.
For market participants and investors, closely monitoring these policy dynamics and market changes will help seize potential investment opportunities.
In the future, whether cryptocurrency can steadily occupy a place in the global economy will still depend on the effective implementation of policies and the positive response of the market. However, it is undeniable that with the improving regulatory environment and increasing market acceptance, the development prospects of cryptocurrency are becoming increasingly bright.
As an analyst who has long focused on the cryptocurrency field, I will continue to track the latest developments and deeply analyze policy directions and market trends. Follow me to seize opportunities in the wave of cryptocurrency and not get lost!#币安HODLer空投ERA #山寨季何时到来？