1. Reaffirming that the United States aims to become the world's cryptocurrency capital, pushing for the swift signing of the Crypto Market Structure Act, which is said to open a "new path for financial freedom."
- Emphasizing the signing of the GENIUS Act (stablecoin regulatory framework), promoting the "Bitcoin Strategic Reserve" and working groups, criticizing China's competitive intentions, and urging the US to maintain its lead. - The White House has appointed industry supporters to key positions, with crypto-friendly policies continuing to be strengthened.
2. Impact on the blockchain/crypto market
1. Short-term market response (as of 19:00 on January 22) - Bitcoin rebounded short-term to above $90,000, Ethereum followed suit with an increase of about 2%-3%, while SOL, XRP, and others benefited from the "strategic reserve" expectations, with more noticeable gains. - The stablecoin sector strengthened, USDT/USDC liquidity premiums narrowed, and DeFi protocol trading volume increased by approximately 5%-8%. - Market risk appetite increased, funds flowed from safe-haven assets into crypto, and the VIX fear index slightly declined.
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1. Reaffirming that the United States aims to become the world's cryptocurrency capital, pushing for the swift signing of the Crypto Market Structure Act, which is said to open a "new path for financial freedom."
- Emphasizing the signing of the GENIUS Act (stablecoin regulatory framework), promoting the "Bitcoin Strategic Reserve" and working groups, criticizing China's competitive intentions, and urging the US to maintain its lead.
- The White House has appointed industry supporters to key positions, with crypto-friendly policies continuing to be strengthened.
2. Impact on the blockchain/crypto market
1. Short-term market response (as of 19:00 on January 22)
- Bitcoin rebounded short-term to above $90,000, Ethereum followed suit with an increase of about 2%-3%, while SOL, XRP, and others benefited from the "strategic reserve" expectations, with more noticeable gains.
- The stablecoin sector strengthened, USDT/USDC liquidity premiums narrowed, and DeFi protocol trading volume increased by approximately 5%-8%.
- Market risk appetite increased, funds flowed from safe-haven assets into crypto, and the VIX fear index slightly declined.