Bitcoin prices have soared since Trump won the presidential election on November 5, 2024. In just one month, Bitcoin exceeded the $ 100,000 mark, setting off a new round of market boom. Behind the carnival, a series of encrypted friendships during the Trump campaign are inseparable. He made it clear that if you came to power, he would strongly support the development of the crypto industry, saying that it would build the United States as "the capital of global cryptocurrencies" and declare that the "Bitcoin strategy reserve" should be established. In addition, Trump also announced his family's family Supportable encryption platform -work Liberty Financial (WLFI). Just a few days before Trump came to power, a Memecoin named "Trump" was born in the air, and the title of President of the United States quickly attracted market enthusiasts. He also attracted a large number of new investors to enter , Push the crystion of the encryption industry to a new height.

On January 20, Trump officially sworn in. At the same time, a number of encrypted officials he nominated were in place. Among them, on January 23, the Republican Senator Cynthia Lummis, a Republican Senator of the Bitcoin Act, was appointed chairman of the Senate Bank Digital Assets Group Committee. CZ said, "Bitcoin reserves are basically determined."

In addition to Rumis, this one is called the "encrypted dream team" by the outside world. What are the heavyweights of the lineup? How will they affect the future of the encryption industry? Let's find out.

01 encrypted friendly SEC chairman

As we all know, the grievances of SEC and encrypted have been in trouble for a long time. Essence As an institution under the US regulatory stock market, with the purpose of maintaining the transparency of transactions, cracking down on fraud plans, and protecting investors' confidence in the stock market, SEC has formulated securities registration rules and supervised its performance. The SEC's supervision of the encryption industry is traced back to 2013, but as the development of encryption has grown, regulatory efforts have become increasingly greater. In recent years, all major regulatory projects in the industry are related to the SEC, including the Ripple lawsuit, FTX, FTX, FTX The collapse of the collapse, the fine of BN, etc. On the second day of the employment, the second day when the former SEC chairman Gary.gensler left, Trump announced that the Republican member Mark T. Uyeda of the SEC will be the acting chairman to Paul Atkins (TRUMP nomination Complete the official candidate of Gensler) to complete the Senate confirmation process. On the same day, Mark announced the establishment of a cryptocurrency working group to formulate a clear and clear beautyChina’s regulatory framework for crypto assets.

Mark Uyeda (first from left) was sworn in as acting chairman of the SEC, source: YouTube< /p>

It can be learned from the SEC’s official statement that Mark has a rich educational background and professional experience. He worked as a lawyer in Washington and Los Angeles and later joined the California securities regulator. , and served in multiple senior positions under Trump. In the SEC, he held several important positions, culminating in becoming SEC Commissioner in June 2022. Although he keeps a relatively low profile in the public eye, he is reportedly supportive of developments in the crypto industry. In his past work, he voted in favor of the review of crypto-related ETFs and held a similar position to another commissioner Peirce on some decisions, advocating that the SEC should respond positively to the needs of the crypto industry and promote the development of clearer regulations. regulatory rules. Previously, on December 4, 2024, Trump nominated Paul Atkins, who served as an SEC member during the George W. Bush administration (2002-2008), as the next SEC Chairman.

Atkins worked at a New York law firm on securities offerings and mergers and acquisitions , joined the U.S. Securities and Exchange Commission (SEC) in 1990 and assisted multiple chairmen in formulating important regulations involving corporate governance, shareholder rights and capital market access, and has rich legal and regulatory experience. Atkins has been supporting various developments in the crypto-asset industry in recent years. He served as co-chairman of Token Alliance, promoting best practices for digital asset issuance and trading platforms; he also served as an advisor to the DeFi platform Reserve Rights Foundation. In 2022, he proposed allowing 401(k) pension funds to invest in Bitcoin, arguing that the potential of this asset class deserves to be accepted by more Americans. In a podcast in early 2024, Atkins made his views clear: “We are heading into a transformational era for cryptocurrency. As long as the SEC is more inclusive and has direct dialogue with the industry, the future of the U.S. market will be better.” It will be brighter." He emphasized that the SEC should support market innovation, reduce investor costs, and return to its core mission. In addition to his support for cryptocurrencies, Atkins has also criticized the Dodd-Frank Act for its unreasonable burden on the banking industry and advocated reducing intervention in the market. Ripple CEO Brad Garlinghouse expressed his affirmation of Atkins’ nomination, calling it “an outstandingChoose "and believe that he will bring a new weather to the SEC. Although ATKINS's personal holding of crypto assets has not been disclosed, the market generally speculate that he may hold bitcoin or other mainstream crypto assets. At present, Atkins's appointment is appointed It is necessary to wait for the Senate to vote for a few months. For the time being, the Mark Agent Chairman is temporarily. Positive regulatory attitude. STYLE = "Text-Align: left;"> As the core department of the United States, the US Treasury is responsible for financial, currency issuance, tax management, financial market stability, and cracking down on money laundering. The development and legalization of the industry are in the United States. On November 22, 2024, Trump nominated B billionaire Scott Bessent as the Minister of Finance. >

Bason, 63 years old, graduated from Yale University to study in college. The chief investment officer of the fund management company has rich experience in market transactions and economic consulting. In an interview with Fox Business Channel at the beginning of the year, he said: "Cryptocurrencies represent freedom, and the crypto economy will continue to exist. He particularly emphasized that the most attractive thing about Bitcoin is that it attracts young people and those who have not previously participated in the market. He believes that cultivating market culture and establishing a system that is more suitable for the public is the core of capitalist development. Trump praised Berson on the Truth Social platform, calling him "one of the most outstanding international investors and strategists in the world", and said that Bason's success experience has perfectly interpreted the "American Dream". It is also mentioned that on the 250th anniversary of the founding of the United States, he will work with Bason to consolidate the status of the United States as a global economy, innovation and capital centers, while ensuring that the US dollar continues to be a global reserve currency. Allied, Bason not only provides economic support for its campaign, but also provides key suggestions for it.Brad Galinhaus called it "the victory of innovation" and believed that Bison's joining would promote the friendship of cryptocurrencies. On the contrary, Elon Musk expressed disappointment with this nomination, criticizing Barst as "all the choices of the same", and warned that this way of thinking has led to "the United States go bankrupt."

According to January 22, Mike Crebobo, chairman of the Senate Finance Committee, He expressed his hope that the Senate would confirm the vote for the Senate's nominated Treasure Minister of the US President Donald Trump next week.

03BTC Max's business minister

The US Department of Commerce is mainly responsible for promoting economic growth and increasing employment Promoting international trade and technological innovation, while playing a key role in strengthening the US semiconductor industry and reducing dependence on Asia. Although the Ministry of Commerce does not directly regulate the encryption market, it can still have an indirect impact on the security, technology research and development, international trade, and intellectual property protection through relevant functions and measures. On November 19, 2024, Trump nominated Howard Lutnick, CEO of Cantor Fitzgerald, served as the new Minister of Commerce. Lutnick is undoubtedly a strong supporter of Bitcoin. In an interview with CNBC podcast, he made it clear: "I support cryptocurrencies, but only supports Bitcoin. Other tokens are not worth mentioning." He also specifically mentioned support for stablecoin Tether and said: "Bitcoin It should be freely traded like gold, and we will do our best to promote this goal. In addition, according to him, he personally holds a lot of bitcoin.

According to Coindesk, Jianda not only manages Tether reserve, but also participate in US Treasury bonds. The transaction has announced a $ 2 billion Bitcoin financing business, thinking that Bitcoin investors provide leverage. Lutnick is also a firm supporter of Trump's close ally and Maga movement. His presidential campaign in 2020 and 2024 actively raised funds for Trump. It was previously considered a popular candidate for the Minister of Finance, but Trump finally appointed Lutnick at the smaller business department. After nomination, Lutnik expressed his gratitude on social media X, saying that he would commit to achieving the goal of "making the United States great again."

Lutnick's nomination has received support from many parties. Health Secretary nominee Robert F. Kennedy Jr. ) praised him as "Bitcoin's strongest advocate" on social media, and Musk also publicly supported Lutnick as Treasury Secretary. However, if Lutnick officially takes office, he may take a tougher stance on trade. . During the US election, he publicly supported the The 60% tariff on goods may become a key issue in future Sino-US trade relations.

04 Musk’s appointment has been announced. "Department of Efficiency"

Among the executive orders signed by Trump on the day of his inauguration, one announced the formal establishment of the "Department of Efficiency", an initiative headed by Elon Elon Musk and Vivek Ramaswamy Ramaswamy). The full name of the Department of Efficiency is Department of Government Efficiency, or DOGE for short. Since the abbreviation of this department, DOGE, is also associated with the cryptocurrency Dogecoin (Dogecoin) that Musk has long promoted, the relevant news is also Becoming a bellwether for the development of Dogecoin. The executive order clarified the department’s goals and structure, including upgrading IT systems and promoting DOGE (Dogecoin). Specific measures such as application in payment and technology integration. Musk’s relationship with encryption is well known. For those who don’t know, you can refer to the previous article in Vernacular: “What does Musk mean by changing the Twitter logo to a Dogecoin emoticon?” Ramaswamy, he is Strive Asset The founder of Management, which has an important presence in the field of asset management and Bitcoin investment, Ramaswamy holds Bitcoin worth between 100,000 and 250,000 US dollars, according to a financial disclosure document in June 2023. $150,000 to $50,000 in Ethereum. His personal investments reflect his high level of trust in crypto assets.

According to previous plans, this department is not federal in the traditional sense formal agency, but operating as an independent organization that advises the White House and oversees reform measures, the "Department of Efficiency" will focus on large-scale spending cuts, streamline the US bureaucracy, and try to eliminate redundant departments and processes. Streamlining bureaucracy and thereby saving costs, Musk, as the tech giant, will help drive strategic and technological innovation in the sector, Ramaswah said.Mi will play the role of key leadership. However, according to the administrative order on Monday, DOGE will be located in the administrative department, not as an external consulting committee. Administrative orders also announced that the White House's existing "American Digital Services Office" (focusing on improving websites and technology) will be renamed "American DOGE Service Office". The core purpose of DOGE is "Implementing the President's Doge agenda, through modern federal technology and software, to maximize efficiency and productive forces." Although the administrative orders have not clearly reduced the specific details of the expenses and reorganization agencies, the DOGE is given to upgrade the federal IT system to upgrade the federal IT system Important responsibilities. And according to relevant news, the cooperation between Musk and Trump has already begun. During the 2024 election, Musk invested over $ 130 million to support Trump's campaign. In general, the "Ministry of Efficiency" is an innovative project full of controversial but also attracted much attention launched by Trump and Musk. The operating model, specific goals, and challenges faced by this institution deserve continuous attention.

05 White House AI and cryptocurrency affairs heads

At the end of 2024, Trump He also nominated for his Office of Science and Technology Policy (OSTP).

1) Professor at the AI ​​department of Stanford University

Michael (Michael Kratsios was appointed director of the White House Technology Office. At the same time, he was also appointed as a presidential technology assistant to take office to provide consultation for "artificial intelligence and cryptocurrency Tsar" David Sacks. Claz is a researcher at Stanford Hai, a researcher at the Stanford Human Center. Before serving as the director of the White House Science and Technology Office, he was the first Trump science and technology official. He served as the Ministry of National Defense and the Ministry of Engineering. Defense's various R & D budgets and projects have important rights to speak. They have doubled funding for Federal AI and quantum research, and have won the honor of the Ministry of National Defense Citizens' Outstanding Service Award and 40 Elite for Fortune 40. In addition, Kraz also led the formation of the first artificial intelligence strategy in the United States and formulated the world's first principles of AI development. This has set a new benchmark for the United States in technological innovation.

2) Crypto Tsar

In early December 2024, David Sacks was nominated to serve as the President’s Advisor on Artificial Intelligence and Cryptocurrency, and served as co-chairman of PCAST ​​(Presidential Council of Advisors on Science and Technology). . This is a new crypto-focused position, a first for the White House. The newly created position also highlights Trump's intention to promote the rapid development of these two industries. "In this important role, Sachs will guide research in artificial intelligence and cryptocurrency, two areas critical to America's future competitiveness," Trump said in a post on his social media site Truth Social. Will work to make the United States a global leader in these two fields. It is worth mentioning that Sachs is a close friend of Musk and once worked at PayPal. He served as an executive with Musk in the early days of its establishment and was one of the investors in Musk's $44 billion acquisition of Twitter. According to media reports, in April 2024, Musk and Sachs held a conference with the theme "Opposition to Biden."

As a senior technology entrepreneur, Sacks became famous in his early years for participating in the development of PayPal and was an early Silicon Valley entrepreneur. He also founded his own venture capital company Craft Ventures and has invested in Airbnb, Palantir and Slack and other well-known companies, and is also involved in the encryption field, investing in encryption companies such as BitGo and Bitwise. In addition, Sachs is the author of the famous podcast "All". In, Sachs has expressed support for Trump through the platform in recent years and has been actively involved in tech-related economic discussions. According to media reports, Sachs has helped Trump raise funds from technology industry donors. Played a key role in raising approximately $12 million for Trump’s campaign, showing his great influence in the encryption and technology circles. However, his specific responsibilities have not yet been disclosed.

3) A16z’s corner

On December 22, 2024, US President Donald Trump announced on the social media platform Truth Social that a16z’s first employee and managing partner Scott Scott Kupor appointed to the U.S. Office of Personnel Management (OPM)Long, he said that he would "bring urgent reforms to our federal employees." Cupper will fully take over OPM, responsible for recruitment coordination and resource support, and work closely with the "Efficiency Department" (Doge). He said on social media X that he will promote the modernization of the organization with "efficiency" as the core principle of the federal.

According to Trump, Kupuer is one of the founding teams of A16Z, He has served as chairman of the National Venture Capital Association (NVCA) and plays an important role in the development of A16Z. According to A16Z official website information, Kuper helped the company grow from management of 300 million US dollars to more than $ 40 billion. He also writes a best -selling book "Secret of the Sandow Road: Venture Capital and How To get IT". The sand dune road is located in Monroapak, California. It is famous for its risk investment institutions that gather Silicon Valley. Apple, Microsoft, Amazon and other technology giants have obtained their founding funds from the place. On December 23, 2024, Trump announced that another partner of A16Z Sriram Krishnan was nominated as the Office of Science and TechNology Policy (OSTP). Senior consultant.

Krehinan is a senior science and technology industry leader. Before joining A16Z, He has served as the heads of product and engineering teams in X (former Twitter), Meta and Snap, and has accumulated rich experience in companies such as Microsoft, Yahoo and Facebook. Trump said Krigan will cooperate closely with President's artificial intelligence and cryptocurrency consultant David Sacks to jointly ensure the global leadership of the United States in the field of artificial intelligence. In general, the above appointments indicate that Trump's current importance to technology far exceeds him in his last term. During the last term, the confirmation of Director OSTP was delayed for more than two years, and the team's place was significantly accelerated. In these positions, in addition to Clarusos' nominations, they must be approved by the Senate before they can take office. Other senior positions can be carried out immediately after the new sworn in work on January 20.

06 The Director of the IRS, which is firmly holding Bitcoin

The IRS is responsible for levying and managing federal taxes to ensure that the tax law is implemented. Related to cryptocurrencies, it may regulate the tax declaration of cryptocurrencies, and requires that the transaction, income, and investment income of cryptococcling assets must be reported and taxed in accordance with the law to ensure tax compliance. Pu Xuanbu nominated the host of Fox News TV, and the soldiers who had participated in the battle, Pete Hegseth, served as the US Minister of Defense. And promised not to sell Bitcoin in December 2024, there is news that the president Trump wants to cancel all capital benefits taxes of cryptocurrencies issued by the US company. As soon as the news is, ADA, Algo, and the ADA, Algo, Both encrypted assets such as XRP and HBAR have risen, so now when Higsez clarifies to take office and whether all the profits obtained by these companies can be completely tax-free, it will take time to verify. Align: left; "> 07 Cousters of the House of Representatives

November 4, 2024, the Republican member Mike (Mike Johnson was successfully re -elected as the President of the House of Representatives. Provide a regulatory framework, the latter is mainly to support decentralized financial innovation. Media, Johnson's position on cryptocurrencies is not completely clear. It will depend on the actions of his and other members of the Congress in the future.

On January 23, Senator Cynthia Lummis was appointed Chairman of the Digital Assets Group Committee of the Senate Bank. -rign: center ">

Loomis, a Republican senator, has attracted much attention in American politics for her firm support of cryptocurrency and bold proposals. Not only is she the first member of the Senate to publicly admit to owning Bitcoin, she is also famous for proposing to "pass The National Optimizing Investments to Promote Innovation, Technology and Competitiveness Act" (referred to as the "Bitcoin Act") is known as the "Crypto Queen" and the "Bitcoin Senator". With her promotion, Bitcoin, a disruptive technology, is evolving from a private investment vehicle to Strategic Reserve. As the first member of the Senate to openly hold Bitcoin, Lummis’s support for Bitcoin began with personal investment and gradually extended to Proposal. She believes that Bitcoin is an effective tool to combat inflation and protect personal financial freedom, and even publicly called for the "urgent passage" of Bitcoin strategic reserve legislation. In July 2024, Lummis proposed the "Bitcoin Act" and advocated the establishment of a U.S. government. Strategic Bitcoin Reserve to Enhance The proposal aims to provide innovative solutions to the U.S. fiscal system through the purchase and reserve of Bitcoin, including the following key measures: 1) Establish a secure Bitcoin reserve network operated by the U.S. Treasury Department. Centralized Bitcoin Vault Network, ensuring The highest level of physical and network security held by Bitcoin. 2) Large-scale Bitcoin purchase plan to purchase 1 million Bitcoins within five years, accounting for 5% of the total Bitcoin supply, a size equivalent to the United States gold reserve, and Set a minimum holding period of 20 years. 3) Transparent funding sources. Bitcoin purchases will be achieved by decentralizing existing funds within the Federal Reserve System and the Treasury, rather than adding new financial burdens. 4) Respect individual financial freedom and clearly support private individuals. Bitcoin holders’ right to self-custody, ensuring The strategic reserve will not infringe on personal property freedoms. Previously, Lummis’s proposal had sparked widespread discussion in Congress because of its forward-looking and controversial nature. Supporters believed that Bitcoin as a store of value could strengthen the U.S. balance sheet and provide debt relief. Providing innovative solutions to the problem. However, opponents question Bitcoin’s volatility and its potential risks to security. Still, Lummis has not backed down, and now that she is successfully elected today, she should push for the bill again. If this proposal is advanced, it may provide support for the future development of the encryption industry and have a profound impact on the market position of Bitcoin.

09 Summary

It can be seen that after the election, Trump is actively nominating cryptocurrency-friendly executives to important positions. At present, Trump 2.0. He is on the road to fulfilling his pledge of being the "Cryptocurrency Capital" and "Bitcoin Superpower". However, Trump's extensive deployment in the encryption field has also raised questions about using power for personal gain. According to market news. as a presidential candidatePeople have launched a personal Memecoin and a move to support the World Liberty Financial, which conflict with its responsibility. Some experts have reminded investors to be vigilant, "Although Trump's support may bring short -term benefits, whether it is conducive to the long -term development of the cryptocurrency industry? The appointment is here? We wait and see.