Yesterday, Trump posted on Truth Social claiming that former SEC Chairman Gary Gensler and his team are called the "Anti-Crypto Army," accusing them of driving Bitcoin, crypto perpetual contracts, and industry innovation overseas, claiming he "saved the US crypto industry," and promising to establish a "future-proof" digital asset market structure through legislation to ensure it won't be overturned by "crypto opponents."

Then, I looked at the comment section, full of traditional greetings about the "Trump market" in the US crypto market over his 16 months in office!
Let's first look at the policy benefits brought during Trump's tenure, and then talk about the market's view of "MMP":
We all know that cryptocurrency investors are a very important voting bloc for Trump. Although he claims to be indifferent, he is definitely not just thinking about his "political legacy" internally; he still has to consider the broader interests of the Republican Party, because only if this is well managed, he might have a chance in the midterm elections, and after 2028, he could potentially be like the "Meme Pair" back in the day, serving as a nominal "Secretary of State" in the US! (Just joking, but the path is indeed possible).
For example, completely overturning the "law enforcement-style regulation" from Gensler's era, signing an executive order on his first day in office requiring the SEC to halt all pending enforcement actions against crypto exchanges, and withdrawing proposals to classify mainstream cryptocurrencies like Ethereum as securities, while in March 2025, SEC's new chair Paul Atkins officially announced that Bitcoin and Ethereum