Odaily星球日报讯 渣打银行分析师 Geoff Kendrick 在接受英国《金融时报》采访时表示表示，特朗普创建美国国家比特币储备基金是一个“低概率事件”。不过，自特朗普胜选之后，加密货币市场持续走高，自 11 月 6 日以来比特币价格已上涨超过 15%，年内涨幅约 80%，增长速度超过了股票和黄金等传统投资。币安首席执行官 Richard Teng 则认为特朗普胜选是“加密货币的重大胜利”，预计在特朗普第二任总统任期内，加密货币并购活动也将增加。（cryptoslate）

渣打银行分析师：特朗普创建美国国家比特币储备基金是一个“低概率事件”

Odaily Odaily News: Geoff Kendrick, an analyst at Standard Chartered Bank, said in an interview with the Financial Times that Trump&#39;s creation of the US National Bitcoin Reserve Fund is a &quot;low-probability event.&quot; However, since Trump&#39;s victory, the cryptocurrency market has continued to rise. Since November 6, the price of Bitcoin has risen by more than 15%, and the year-to-date increase is about 80%, which is faster than traditional investments such as stocks and gold. Binance CEO Richard Teng believes that Trump&#39;s victory is a &quot;major victory for cryptocurrency&quot; and expects that cryptocurrency mergers and acquisitions will also increase during Trump&#39;s second term as president. (cryptoslate)

Standard Chartered analyst: Trump's creation of a US national Bitcoin reserve fund is a "low probability event"

Odaily Planet Daily Report: Auros Hong Kong Managing Director Le Shi said: "The dust of Trump's victory has not yet settled, and given Trump's support for cryptocurrencies, a certain degree of rise is just a matter of time, which is what we are seeing now." Driven by strong demand for the US Bitcoin spot ETF and the Federal Reserve's interest rate cuts, Bitcoin has risen about 90% so far in 2024, setting a new record after the US election, outperforming the returns of investments such as stocks and gold. Digital asset companies and executives invested heavily during the US election to support the candidate Trump, who was seen as beneficial to their interests, as Noelle Acheson, the author of "Crypto Is Macro Now," wrote: "Trump has promised to support regulation, and the full support of the House and Senate greatly increases the likelihood of cryptocurrency bills being passed."

Digital asset trader predicts more friendly U.S. crypto regulatory environment

Odaily Planet Daily Report: Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, believes that many of Trump's pro-cryptocurrency promises will drive Bitcoin's rise, and he expects Trump to overturn Biden's veto of <SAB121>, a controversial accounting guideline of the U.S. Securities and Exchange Commission (SEC) that critics say has prevented investment banks from providing large-scale cryptocurrency custody services. Geoff Kendrick believes that Trump will achieve this goal soon after taking office on January 20 next year, and he believes this move will drive more institutions to adopt cryptocurrencies. (TheBlock)

Standard Chartered analysts: Trump is expected to overturn Biden's veto of SAB 121

Odaily Planet Daily Report: According to a recent report released by Alex Thorn, head of research at Galaxy, the following scenarios may occur in crypto policy under the Trump administration:

- Bank regulators: Trump will immediately appoint new acting Comptroller of the Currency and new acting FDIC Chair. Within days, bank regulators may issue guidance explicitly prohibiting unfair targeting of specific industries (Chokepoint 2.0) and rescinding existing adverse interpretive guidance or letters for the industry. Within weeks or months, the OCC may issue guidance explicitly allowing banks to custody digital assets and use, operate, and interact with public blockchains and stablecoins.

- Market regulators: Trump will elevate the current SEC and CFTC commissioners to acting chairs. While Trump has promised to "fire Gary Gensler", most constitutional scholars believe the President cannot remove independent agency commissioners. However, the President can immediately designate the current commissioners as acting heads of their respective agencies. In the near-term, some crypto enforcement will pause, some litigation will be paused or withdrawn, and no action letters will not be issued on any specific topics or projects, allowing the industry and regulators to discuss a reasonable path forward. The CFTC's stance is similar.

- Congressional legislation: The biggest crypto policy agenda items in Congress include market structure (clarifying the regulatory status and oversight of digital assets) and stablecoins (legalizing and licensing stablecoin issuance). Currently, the parties are relatively close on stablecoin legislation. If Republicans control the House, the likelihood of these bills rapidly advancing by 2025 is lower, with the expectation of a shift to the latter half of the 119th Congress.

- Energy policy: A Trump presidency, especially if Republicans control both chambers of Congress, will be highly favorable for domestic energy and power production. This will benefit <Dai> miners, data centers, any entities able to access large amounts of power, and energy producers themselves. 

Easing of regulatory friction, along with specific no-action letters or regulatory guidance, could significantly expand institutional investor access to cryptocurrencies in the US. For example, relaxing the SEC's Howey rule applicability to digital assets, or expanding the "crypto asset security" category that can be traded within broker-dealers, would allow more participants to enter the exchange space, potentially including traditional financial institutions like banks, exchanges, or brokerages, and could also lead to more spot crypto ETFs in the US.

The report concludes that various forms of exemptive relief are expected to come quickly, while a more robust supportive regulatory framework will take more time. The permissive enforcement environment combined with progressive policy thinking will pave the way for traditional financial services firms and institutional investors to deepen their participation in this asset class. This will challenge the moats of existing crypto infrastructure participants, but will broadly support the expansion and maturation of the crypto asset class. Under this environment, the prices of <Dai> and other digital assets are expected to rise significantly over the next 12-