According to CNBC reports on January 23, the CEOs of three major cryptocurrency companies, Coinbase, Binance and Circle, said in an interview during the World Economic Forum in Davos that with the return of Trump, who supports Bitcoin, to the White House, U.S. cryptocurrency The regulatory framework is expected to achieve a breakthrough this year. The SEC announced the establishment of a "Cryptocurrency Working Group" on Tuesday, which will begin to formulate a comprehensive and clear regulatory framework, focusing on issues such as token registration. Coinbase CEO Brian Armstrong said that the industry has suffered suppression in the past four years, and regulators have even taken enforcement actions against compliant companies. He emphasized that the most important task for the industry at present is to promote the legislative process and provide clear rules for the market. Binance CEO Richard Teng expects cryptocurrencies to hit record highs this year, focusing on legislative developments in areas such as token issuance, trading and asset management. Circle CEO Jeremy Allaire pointed out that there are currently senators and representatives in the U.S. Congress who support encryption technology, especially the stable currency legislation that has received bipartisan support. The Payment Stablecoin Clarity Act, which is currently under consideration in Congress, aims to establish a licensing system for stablecoin issuers.