Original | Odaily Planet Daily (@OdailyChina)
Just two months into 2025, the new Trump administration has already made the crypto community sense a shift towards more favorable policies. From Bitcoin strategic reserves to the first White House crypto summit, friendly signals are being thrown out one after another, igniting the industry's expectations for the future. After the regulatory easing, which projects will be the first to reap the benefits? Odaily Planet Daily invites you to dissect the logic behind this "policy spring breeze."
What are the signals of regulatory easing?
Since the Trump administration took office, it has released numerous signals supporting the crypto industry, making it feel like regulatory easing is no longer just empty talk.
Support from the new government: On January 23, 2025, Trump signed an executive order explicitly protecting blockchain-related activities, such as mining and trading, and specifically mentioned support for USD-pegged stablecoins. He also proposed a "Bitcoin Strategic Reserve" plan, aiming to turn the 200,000 Bitcoins held by the government into national assets, which is a significant move.
Personnel adjustments: The new SEC Chairman Paul Atkins has a friendly attitude towards the industry, unlike his predecessor Gary Gensler, who was more hardline. The White House also appointed David Sacks as an advisor on crypto and AI, indicating a more open policy direction.
Legislative trends: The "Financial Innovation and Technology Act of the 21st Century" (FIT21) passed the House in 2024, and if the Senate agrees in 2025, it will establish clear rules for crypto assets. Additionally, Senator Cynthia Lummis's bill may pave the way for stablecoins and Bitcoin reserves.
Market and global pressure: In 2024, Bitcoin ETFs attracted over $20 billion, and institutions are watching closely. Global competition is fierce; if the U.S. does not adjust, it may fall behind.
These signs point to a trend: the regulatory environment in 2025 may be more lenient, and the rules will be clearer.
What obstacles might easing face?
Although the outlook is positive, regulatory easing is not without its challenges, and some factors may slow down this spring breeze:
Risk concerns: The Federal Reserve and FDIC are worried that crypto volatility could disrupt the financial system, and the shadow of the 2022 Terra collapse still looms, which may require additional insurance measures.
Bipartisan tug-of-war: The Republican Party wants to ease regulations, but the Democratic Party may not fully agree. If the Senate stalls on FIT21, we may have to wait longer. The funding source for Bitcoin reserves may also spark controversy.
Insufficient technical preparation: Easing requires supporting tools, such as on-chain KYC or tax systems. If technology does not keep up, the implementation of policies will not be swift.
Therefore, regulatory easing may need to be gradually advanced and will not happen all at once.
What are the key drivers for easing?
Whether regulations can be eased and how effective it will be depends on several key points:
The new government's execution power: Whether the Trump team can implement the Bitcoin reserve and stablecoin policies will directly affect the pace of easing.
Institutional capital entry: Once rules are clear, institutions may bring in hundreds of billions of dollars, making the market more vibrant.
Demand for practical value: If policies encourage blockchain to solve real problems, such as payments or asset management, project development will have more motivation.
Global competition: If the U.S. wants to maintain its leading position, it must attract more innovation and capital through easing.
Which projects will benefit?
If regulations are indeed eased, these crypto projects may seize significant opportunities:
Bitcoin (BTC) and Related Ecosystem
The Bitcoin strategic reserve will enhance Bitcoin's legitimacy and safe-haven status, and its ecosystem projects will benefit from increased attention and capital inflow. Specific projects:
Stacks (STX) brings smart contract functionality to Bitcoin, and regulatory easing will amplify its ecosystem potential, attracting developers and institutional interest.
Rootstock (RSK) with its BTC peg and smart contract functionality aligns with the ecological expansion needs supported by policy.
The Bitcoin ecosystem will gain policy backing from the strategic reserve plan, and its market potential will expand from the current ecosystem scale (tens of billions) to the hundred billion level. STX and RBTC, by adding utility to BTC, will stand out in this wave, with token value increasing due to traffic and application growth.
USD-Pegged Stablecoins
The new government clearly supports USD-pegged stablecoins, viewing them as tools to maintain the global dominance of the dollar. If regulations provide a clear framework for stablecoins, it will accelerate their application in payments, settlements, and DeFi, becoming a hub between traditional finance and the crypto market, with their low volatility making them particularly favored by institutions. Specific projects: USDC is highly favored due to its strong compliance; USDT can maintain its advantage if it enhances transparency and passes scrutiny.
USD-pegged stablecoins, backed by policy support and institutional demand, will become a pillar of the crypto economy, with the market size potentially exceeding one trillion dollars. USDC and USDT, with their compliance and wide application, will dominate this wave, with token circulation and market value continuously expanding.
Compliant DeFi Projects
Regulatory easing will attract institutional capital into decentralized finance (DeFi), and compliant projects that meet KYC/AML requirements will be better positioned to capture this wave of benefits. The new government emphasizes the practicality of blockchain, providing fertile ground for DeFi to transition from experimentation to mainstream adoption, with compliant DeFi becoming a bridge between institutions and the crypto economy. Specific projects:
Aave (AAVE) Pro is its institutional version, which has partnered with Fireblocks to provide compliant lending. Its compliance and technological maturity make it a top choice for institutions, with significant potential for integration with traditional finance.
Compound (COMP) has partnered with Coinbase Custody to offer BTC staking services for institutions, and its transparency and stability align with institutional needs post-regulatory easing, solidifying its market position.
Compliant DeFi will become an entry point for institutional capital due to regulatory easing, with the market size potentially jumping from the current hundreds of billions to the trillion level. AAVE and COMP, leveraging their technological advantages and compliance foundation, will lead in this transformation, with token value increasing due to user and capital growth.
Tokenization of Real-World Assets (RWA)
The new government aims to have blockchain serve the real economy, and asset tokenization is a perfect fit. Specific projects:
Ondo Finance (ONDO) is working on the tokenization of government bonds, and its collaborations with traditional giants like BlackRock and Pimco enhance its compliance and market recognition.
Centrifuge (CFG) supports diversified assets (such as invoices and loans) through Tinlake, closely aligning with the actual needs of small and medium-sized enterprises.
The RWA market will rapidly expand due to policy support and institutional demand. ONDO and CFG, with their technological advantages and practicality, may accelerate the on-chain process of real assets, leading the wave of asset tokenization.
Payment and Cross-Border Transaction Projects
The new government hopes to lower transaction costs and support USD stablecoins, opening doors for payment and cross-border transaction projects. Regulatory easing will promote these projects' application in the global payment field, especially in replacing the inefficiencies and high costs of traditional systems (like SWIFT). Specific projects:
Ripple (XRP) has high cross-border efficiency, and if the SEC lawsuit is resolved due to regulatory easing, XRP's compliance will significantly improve, regaining trust from banks and skyrocketing market recognition.
Stellar (XLM)'s efficient and low-threshold design meets the needs of emerging markets, and its synergy with stablecoins enhances its competitiveness.
The payment and cross-border transaction sector will rapidly expand due to policy support and global demand. XRP and XLM, with their efficiency and wide application scenarios, may capture a share of traditional finance, with token value rising due to increased transaction volume, and market potential reaching hundreds of billions.
Why can they seize the opportunity?
These projects stand out for several common reasons:
Policy support: Bitcoin and stablecoins receive direct government endorsement, and compliant projects can avoid detours.
Institutional favor: Large funds entering the market will favor these reliable and actionable projects.
Market trends: The industry is shifting from speculation to practicality, and these projects are well-aligned.
Conversely, if there is no practical value, such as with meme coins, the enthusiasm for the sector may wane; anonymous coins (like Monero) will also depend on whether they can pass compliance checks.
In 2025, U.S. crypto regulation is likely to ease, with support from the new government, efforts from Congress, and market expectations all pushing in this direction. Although some resistance may slow the pace, the overall trend is unstoppable. Bitcoin, stablecoins, compliant DeFi, RWA, and payment projects will be the biggest beneficiaries. With favorable policies, institutional capital, and technological advantages, they are expected to establish a foothold in this wave of change. For those interested in crypto, keeping an eye on policy trends and the development of these projects may be the key to seizing opportunities!
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