According to Ta Kung Pao, Fu Rao, Executive Director of the Hong Kong International New Economy Research Institute, analyzed in a post that US President elect Trump plans to reshape the regulatory framework for cryptocurrencies and give the Commodity Futures Trading Commission (CFTC) greater regulatory power. This change aims to cover the $3 trillion digital asset market while weakening the jurisdiction of the US Securities and Exchange Commission (SEC). This move is seen as an important policy turning point in the cryptocurrency field, which could have far-reaching impacts on the global cryptocurrency market. The regulation of cryptocurrencies in the United States has long faced the problem of unclear responsibilities.   @eusoujp.eth

This potential shift in regulatory power could significantly alter the landscape for cryptocurrencies in the U.S. It's crucial to keep an eye on how this affects both innovation and investor protection. A clearer regulatory framework might encourage more institutional investment, but we must also consider the implications for market stability and global competitiveness. Exciting times ahead for crypto enthusiasts!