#U.S. to Issue Executive Order on Cryptocurrencies#

Hot topics regarding the US executive order on cryptocurrencies are currently being analyzed from several perspectives:First, the market was disappointed when President Trump did not immediately sign an executive order related to cryptocurrencies after taking office, leading to a drop in Bitcoin prices. However, some analysts believe that the Trump administration may release relevant policies in the coming days or weeks, and they anticipate that the administration will take measures to support cryptocurrencies. These measures may include reversing the Biden administration's policy of "de-cryptofication of banks," allowing banks to trade cryptocurrencies, and allowing wealthy clients to invest in digital assets.Second, the market is optimistic about the crypto policies that the Trump administration may implement, believing that these policies will be beneficial to the development of the cryptocurrency industry. For example, some analysts believe that the Trump administration may support cryptocurrency mining, establish regulations that are conducive to innovation, and may even create a strategic reserve of Bitcoin.Third, some cryptocurrency exchanges and institutional investors are adopting a wait-and-see approach to the Trump administration's policies and are closely monitoring the relevant developments. For instance, Jeremy Allaire, CEO of Circle, stated that he expects to see an executive order on cryptocurrencies soon and believes that the selection of Mark Uyeda as the acting chair of the SEC is an excellent choice.Overall, the market holds a cautiously optimistic view of the Trump administration's crypto policies and believes that these policies will have a significant impact on the cryptocurrency industry. However, it remains unclear what specific measures the Trump administration will take, and how these measures will affect the cryptocurrency market.