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. Under the existing framework, the SEC and CFTC respectively regulate the cryptocurrency industry through enforcement actions. However, due to the lack of clear legal basis, there has been a dispute between the two institutions regarding their scope of responsibilities. @hpjn