Regulatory Landscape - SEC is actively engaged in rulemaking, aligning its actions with forthcoming market structure legislation [1] - SEC Commissioner Pierce indicates the SEC's proactive approach, not waiting for specific legislation to take action [1]

Crypto & Political Funding - Crypto community initially supported Trump, funding his campaign and other GOP races [1] - Trump's family members are involved in crypto ventures, further incentivizing crypto support [1] - Large crypto players like Coinbase and Andre Horowitz have close ties with the Trump administration, seeking favorable legislation [3] - Crypto donations during the campaign were primarily for political influence rather than promoting blockchain technology [12] Tensions & Policy Disagreements - Tensions arose before the Genius Act, with disagreements on merging it with a broader market structure bill [4] - The conflict was less about crypto policy and more about aligning with the White House's approach [4] - The Trump administration has low tolerance for bipartisanship, expecting crypto firms to align with their agenda [8] - Crypto firms are learning they will face pressure from the party in power and must navigate Washington's complexities [8][10] Potential Economic Impact - A breakdown in the relationship could impact funding for midterm elections and down-ballot House candidates [5] - Donor fatigue among crypto newcomers could affect future political cycles [6] - The market structure bill presents a significant financial opportunity, potentially mitigating a complete departure from the Republican party [6] - Legislation could boost the price of cryptocurrencies, allowing larger holders to sell their holdings [12][13]

💥BREAKING:TRUMP: I'M ALSO COMMITTED TO SIGNING LANDMARK CRYPTO MARKET STRUCTURE LEGISLATION THIS YEAR TO GROW THE INDUSTRY https://t.co/DZaDiAX9c6 ...

Regulatory Landscape - US passes first major national crypto legislation [1]

Regulatory Landscape - The U.S House passed three major crypto bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Act [1] - The GENIUS Act is expected to be the first major crypto legislation signed into law [1] Legislative Action - A signing ceremony for the GENIUS Act is anticipated at the White House [1]

Crypto Market Outlook - BitwiseInvest 认为一旦美国通过加密货币立法，加密货币将成为主流 [1] - 一旦立法通过，加密货币的“瓶中精灵”将无法被放回 [1]

Fiscal Policy & Economic Impact - The legislation poses a threat to the American economy for at least 10 years [1] - The legislation is characterized by fiscal incontinence and ideological exhaustion [1]

Fiscal Policy & Economic Impact - The legislation poses a threat to the American economy for at least 10 years [1] - The legislation is characterized by fiscal incontinence and ideological exhaustion [1]

Fiscal Policy & Economic Impact - The legislation poses a threat to the American economy for at least 10 years [1] - The legislation is characterized by fiscal incontinence and ideological exhaustion [1]

Fiscal Impact - The legislation poses a threat to the American economy for at least 10 years [1] - The legislation demonstrates fiscal incontinence [1] Political Analysis - The legislation showcases ideological exhaustion [1]