Donald Trump's victory in the 2024 US presidential election marks the beginning of the "Trump 2.0 era" for the United States.

This new political cycle has not only changed the direction of domestic policies, but also has a profound impact on the global financial system, especially the emerging cryptocurrency industry. This article aims to explore in depth the changes that the Trump administration may bring to the cryptocurrency field, and predict through detailed analysis how these changes will be specifically manifested in different stages in 2025.

During his first term, Trump was reserved and even critical of crypto assets such as Bitcoin, believing that they lack stability and are easily used for illegal activities.

However, during the campaign, in the face of growing public interest and technological progress, his position gradually shifted to support. After winning the election, Trump made clear his positive views on the cryptocurrency industry and promised to create a regulatory environment conducive to innovation and development.

Behind this huge change in attitude is the recognition of the potential for technological innovation and the strategic consideration of wanting to maintain the United States' technological leadership.

Bitcoin as a national strategic reserve:

Trump proposed to include Bitcoin in the strategic reserve of the United States. This proposal is not only a recognition of the status of digital assets, but also a new advantage point in the global currency competition pattern.

If the plan is implemented, it is expected to trigger a significant round of price increases in early 2025, as it will greatly enhance investors' confidence in the long-term value of Bitcoin.

Ethereum and other smart contract platforms:

With the development of decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based applications, the importance of Ethereum has become increasingly prominent.

The Trump administration may take measures to reduce regulatory uncertainty and encourage the development of more blockchain-based applications and services, which will directly benefit the entire ETH ecosystem. In addition, for other public chains with smart contract functions, there will also be more room for development.

Volatility and time nodes:

In the first half of 2025, with the establishment of a series of favorable policies, including SEC's support for spot ETFs, the prices of mainstream cryptocurrencies are expected to experience a strong rise. The third quarter may be a period of adjustment for the market, and investors need time to assess whether the actual progress is in line with expectations; In the fourth quarter, if the legislature passes a bill to promote the development of the cryptocurrency industry, the market is expected to usher in another wave of growth.

Expansion under policy support:

Stablecoins have great potential in cross-border payments, international trade and other fields due to their characteristics of being linked to legal currencies.

If the Trump administration can provide clear and relaxed regulatory guidance, it will greatly promote the widespread adoption of stablecoins, especially those products endorsed by large financial institutions, such as USDC or Diem (formerly Libra). This will not only help improve the efficiency of international transactions, but also win more voice for the United States in the global financial system.

Regulatory and compliance challenges:

Despite potential growth opportunities, stablecoin issuers still need to comply with strict anti-money laundering (AML) and know your customer (KYC) requirements. The key time node may appear in the first half of the year, when the legal framework for stablecoins will be more complete, ensuring its healthy development while protecting consumer rights from infringement.

Accelerating digital transformation: RWA refers to the tokenization of real assets through blockchain technology, covering multiple fields such as real estate, art and even stocks.

The Trump administration may promote the implementation of more RWA projects, especially in the real estate and luxury goods markets, to provide investors with more diversified investment options. Such projects can not only improve capital liquidity, but also lower the investment threshold and attract more individuals to participate.

Liquidity improvement and risk control:

Tokenized assets can be more easily divided and traded, which improves the liquidity and transparency of the market.

However, this also means that a stronger risk management mechanism is needed to deal with possible problems, such as inaccurate valuations or market manipulation. Therefore, the formulation and improvement of relevant regulations will be the key to ensuring the healthy development of RWA.

Infrastructure construction:

Web3 refers to the next version of the Internet, emphasizing user autonomy and personal data privacy protection. The Trump administration may increase its support for Web3 projects, especially in technology research and development in areas such as identity authentication and data storage. This is crucial to building a more open, secure and efficient network environment, and also provides a guarantee for the United States to occupy a favorable position in the global digital economy competition.

Community governance and DAOs:

Decentralized autonomous organizations (DAOs) allow members to make decisions and manage resources together, a model that is in line with the small government concept advocated by Trump.

It is expected that in the second half of 2025, the laws and regulations on DAOs will be further clarified, paving the way for their legal operation. This is not only a major breakthrough in the traditional corporate governance structure, but also explores new possibilities for future social organizational forms.

In summary, Trump's re-election as president has undoubtedly injected a shot in the arm for the global cryptocurrency market. Whether from the perspective of policy orientation or market sentiment, it indicates that the industry will usher in a new period of rapid development.

Of course, any change will be accompanied by challenges. Investors should maintain rational judgment, keep up with policy trends, and reasonably allocate assets to seize every potential opportunity.