Political changes trigger a rebound in the crypto market, and the new government may push for friendly policies

With the potential change in the political landscape in the United States, there has been a positive reaction in the cryptocurrency market. The analysis points out that if the election results show that a certain former president returns to the White House, this could lead to a more favorable policy environment for the crypto industry, so the market is trending upward.

The new government is likely to be more supportive of the crypto industry than the current one. However, there is still uncertainty about the level of participation and whether it will be able to move forward with the passage of relevant laws in the midst of a busy legislative agenda.

It is noteworthy that the leaders of key departments such as securities trading, commodity futures trading, and finance in the new government are likely to share similar views with the president and hold a positive attitude towards the industry. However, the priority of this issue within the overall policy is still unclear.

The new government is likely to push for deregulation in general. However, the crypto industry can be a special case. Unlike other industries, crypto industry members are desperate for clear regulatory guidance. The degree to which regulators attach importance to the crypto industry will determine the pace of relevant policy development.

Nonetheless, we can expect at least some regulatory guidance, if not a complete set of specific rules, to be in place for the industry. At the same time, some of the current ongoing regulatory litigation may be resolved more quickly.

Overall, while political changes may present opportunities for the crypto industry, the specific impact will take time to observe and assess.