CITIC Securities: Trump Returns to Power, A New Chapter in U.S. Cryptocurrency Regulation

ChainCatcher news, a report from CITIC Securities states that if Trump plans to relax regulations on the cryptocurrency industry after taking office as President of the United States in 2025, the primary task will be to clarify the regulatory responsibilities of the industry. Against this backdrop, the currently stalled "21st Century Financial Innovation and Technology Act" in the U.S. Senate is expected to gain new momentum. With the anticipated easing of the regulatory environment in the U.S., the cryptocurrency industry chain in the U.S. stock market is expected to receive a positive boost, and three directions are recommended for attention:

• 1) The increase in trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges;
• 2) Favorable policies for the U.S. cryptocurrency industry are expected to promote the growth of mining machine demand;
• 3) The development of the U.S. cryptocurrency industry may benefit the U.S. utility sector. (Jin Shi)