CITIC Securities: Trump returns to power, US cryptocurrency regulation begins a new chapter

According to a research report by CITIC Securities, if Trump plans to relax regulation of the cryptocurrency industry after taking office as US President in 2025, the first task will be to clarify the regulatory responsibilities of the industry. Against this background, the 21st Century Financial Innovation and Technology Act, which is currently shelved by the US Senate, is expected to usher in a new opportunity for promotion. With the expected relaxation of the US regulatory environment, the US stock cryptocurrency industry chain is expected to be positively boosted. It is recommended to pay attention to three directions: 1) The increase in trading activity in the US cryptocurrency industry may benefit US stock cryptocurrency exchanges; 2) Positive policies in the US cryptocurrency industry are expected to promote the growth of mining machine demand; 3) The development of the US cryptocurrency industry may benefit the US stock utility sector. (Jinshi)