#我的Gate交易时刻 Trump publicly supports cryptocurrencies.

If this had happened two years ago, who would believe it?
Someone who once publicly called Bitcoin a "scam" now directly endorses the crypto industry for votes, promising to relax regulations.
Political winds shift faster than a pinwheel, crypto has become a key issue for swing state voters, even Elon Musk liked the post below.
My first reaction was that the market would definitely celebrate wildly.
But after calming down, I realized Trump's support has never been given for free; he has major backers and policy deals behind it.
If the crypto industry wants to use legalization as a bargaining chip, it must cater to the appetite of this political beast.
Short-term emotions are at their peak, but will long-term rules be tied to the rollercoaster of "who gets in office, who loosens regulations"?
Earlier, I thought that when such news comes out, $BTC would surge, but on-chain I didn't see large inflows; instead, funding rates tightened a bit.
Some in the market are betting on political dividends, but others are waiting for the real implementation day.
I don't chase such emotional trends.
Political cards are always a double-edged sword.
Loosening regulations is good, but who benefits, and how much they loosen, is the real question.
Now, if many long positions rush in and the election results reverse, liquidation zones could bury people until tomorrow.
Don't get caught up in the hype.
This time, I’ll just review and reflect, not pretend to be a teacher.
Looking at the on-chain prediction market, it just went through a legal crackdown—Michigan judge ruled that sports prediction markets are not under CFTC jurisdiction, Polymarket's injunction was dismissed;
Kentucky sued Kalshi and Polymarket on the same day;
CME Chairman Duffy announced plans to sue the CFTC, opposing approval of Kalshi's Bitcoin perpetual contracts.
These three events happened within two days, effectively giving prediction markets and perpetual contracts a triple threat.
For crypto funds, this regulatory game will make more institutional funds temporarily cautious, liquidity will be tight short-term, and altcoins and contract liquidation zones will become more crowded.
Do you think Trump coming to power will truly bring a spring for crypto, or is it just another political show?