Trump Pushes for 'Future-Oriented' Digital Asset Market Structure Legislation
Trump stated on Truth Social that he will lead the push to establish a 'future-oriented' digital asset market structure, accusing former SEC Chairman Gary Gensler and the 'anti-crypto army' of driving Bitcoin, crypto perpetual contracts, and innovation overseas.
He emphasized: "Under my leadership, we will codify a 'future-oriented' digital asset market structure that crypto haters cannot overturn. The new frontier of finance is being established in the U.S., and 'Trump' will never let the crypto industry down!"
Source: Public Information
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Trump has previously expressed strong support for the development of the crypto industry, and this statement continues his strategic path to make the U.S. the 'global crypto capital,' focusing on criticizing the adverse effects of previous regulatory policies on the industry and leveraging the momentum from the passage of the Clarity Act in the Senate Banking Committee to push for comprehensive legislation.
On the capital front, Trump's strong statements boost market confidence, accelerating the gathering of institutional funds and crypto projects in the U.S., with Super PACs like Fairshake continuing political investments aimed at reducing regulatory uncertainty through a federal unified framework and attracting overseas capital back.
However, the bill still needs to be merged with the version from the House Agriculture Committee and requires 60 votes to pass to avoid procedural obstruction. The Democrats face political pressure due to Trump's related conflicts of interest, making passage challenging.
Essentially, this represents a regulatory change: Trump is promoting legislation for crypto market structure, aiming to shift the industry from a regulatory gray area to a clear federal framework, accelerating the concentration of capital from overseas to the U.S., while political divisions reflect that the legislative process still faces significant obstacles, pushing crypto regulation from fragmented suppression to national strategic support.
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The louder the political commitment, the fiercer the legislative battle.
It is easy to 'drive innovation overseas,' but bringing it 'back to the U.S.' requires overcoming partisan barriers.
What truly determines the industry's future is whether the bill can be enacted, not just a single statement.