Crypto Assets industry welcomes new opportunities and challenges

Recently, the rise of the new leadership has sparked heated discussions in the Crypto Assets market. With the formation of the new government, the candidates for several key positions have been determined, and these appointments will significantly influence the direction of global Crypto Assets policy in the coming years. Regardless of the strength of policy implementation, the industry will face new opportunities and potential uncertainties.

Before the new leader officially takes office, it is necessary for us to understand the officials nominated for important positions and their attitudes and positions on the Crypto Assets industry.

According to the political system of the United States, the presidential cabinet mainly consists of two parts: one category includes formal cabinet members who require Senate confirmation, such as the Secretary of State and the heads of major executive departments; the other category includes cabinet-level officials, some of whom do not require Senate confirmation, such as the Chief of Staff and the National Security Advisor.

Currently, the most关注 in the new government cabinet is the Office of Artificial Intelligence and Crypto Assets Affairs. It is reported that this agency is mainly responsible for formulating the regulatory framework for the entire crypto industry and coordinating the work of institutions such as the SEC, CFTC, and Congress. The Crypto Advisor Committee under it is composed of 24 CEOs from crypto enterprises, providing advice for policy formulation.

According to the commitment of the new leader, the following new policies are worth paying attention to:

1. Build the United States into a global Crypto Assets center
2. Stop cracking down on Crypto Assets after taking office
3. Prevent the development of Central Bank Digital Currency (CBDC)
4. Establish a Strategic Bitcoin Reserve
5. Change SEC Chairman
6. Prevent the sale of government-held bitcoins
7. Using Bitcoin to Solve National Debt Issues
8. Develop a more comprehensive encryption policy
9. Establish a Crypto Assets Advisory Committee

From the current personnel appointments, at least the commitments in Article 5 and Article 9 have been fulfilled. Whether it is the newly established advisory body, the Senate's Crypto Assets Committee, or the replacement of the SEC chairman, the encryption backgrounds of these officials indicate that the new government is fulfilling its campaign promises as planned.

For the crypto industry, this means that there may be two changes at the regulatory level: on the one hand, previously repressive policies may gradually be relaxed; on the other hand, more comprehensive legislation will further push the industry towards the mainstream.

Information Revealed by the New Government Family Project Layout

The new government's shift in attitude towards Crypto Assets has undoubtedly had a significant boosting effect on the entire industry. Not only has a cabinet-level advisory team been established among government officials, but their family has also begun to engage in investments in the encryption industry, providing a certain forward-looking guidance for future regulatory leniency.

At the beginning of 2025, the biggest explosive project in the industry is undoubtedly the MEME coin personally released by the new leader on social media. Once launched, the project surpassed a market value of $30 billion within a day, once again creating a wealth legend in the industry.

The significance and value of the new leader personally launching a coin is not limited to the market gaining a new star MEME coin. To some extent, this reflects the new government's support for the Crypto Assets industry and its depth of involvement, which may exceed market expectations. Especially after witnessing the rapid explosion of the token's market value, it could further become an important support for advancing the rapid normalization of the Crypto Assets industry and relaxing regulations, which is undoubtedly a major benefit for the Crypto Assets sector. Additionally, a potential impact behind this coin launch is that on-chain trading volume and wealth effects will directly create competitive pressure on centralized exchanges, making competition within the entire industry even more intense.

In addition to MEME coin, the most important project of the new government family at present is World Liberty Financial (abbreviated as WLFI). Although the project's official website states that the new leader, his family members, and businesses are not employees of the project, the three sons of the new leader are all titled "ambassadors," and close allies of him and his sons serve as co-founders in the project. Furthermore, the advisory team also includes partners and CEOs from well-known investment institutions.

The WLFI project is legally well-structured and has circumvented current regulations through various means, such as making the tokens non-transferable and raising funds in compliance with specific regulations from the U.S. Securities and Exchange Commission (SEC). These measures have minimized the project's compliance risks. The project is still in public fundraising, with a total token supply of 20 billion coins, of which 5.49 billion coins have been sold.

From the specific operation of the project, WLFI is a decentralized finance (DeFi) project mainly based on Aave to build decentralized lending. It is worth noting that starting from the end of November 2024, the WLFI project began to successively buy a large number of tokens, which has also made its token purchases a new market barometer.

From the tokens held by WLFI, it can be seen that, apart from Bitcoin, Ethereum, and stablecoins, the majority are related to DeFi. From the trading situation, apart from using a certain trading platform, most of the other main operations are conducted on a certain DEX.

From the team configuration perspective, most of the core members of WLFI have a DeFi background. The technical leader and chief developers have previously worked in DeFi projects.

In summary, whether it is personnel allocation or the purchase of token assets, the new government family's WLFI project still focuses on the DeFi sector, which may indicate that some more relaxed policies will be introduced in the future regarding the DeFi field.

The Impact of the WLFI Project on the DeFi Track

The new leader's issuance of MEME coin has brought a huge space for imagination to the market, which is extremely rare in history. Setting aside interests, this at least indicates that the entire industry may welcome a relatively relaxed regulatory environment in the coming years. Further analysis of the project's specific operations shows that this is not a hasty move made out of a temporary impulse, but rather a well-prepared initiative in terms of legal frameworks, compliance, and institutional cooperation. Although this coin issuance is unique and has a strong narrative, creating an unprecedented on-chain market, the support for the industry is currently still limited to relaxed expectations. In the long run, its sustainability remains to be verified. The new government family seems to hope to develop WLFI into a sustainable project.

From the series of operations and subsequent investments of the WLFI project, it can be inferred that the project has made some proactive responses based on regulatory compliance. In light of the new DeFi tax regulations proposed by the IRS at the end of December 2024, it can be anticipated that by 2025, there may be relatively systematic legislative regulations targeting DeFi. Although it may not be as strict as the proposals previously put forward by departments like the IRS, it is foreseeable that compliance in DeFi will become an important measure that might be implemented in 2025, such as KYC (the WLFI project also requires KYC), anti-money laundering, and counter-terrorism financing.

From a more optimistic perspective, WLFI, as the new government's family-recommended non-MEME project, on one hand indicates a positive outlook on the DeFi track, especially regarding the growth potential of DeFi in the future; on the other hand, from a policy perspective, its compliance framework was designed relatively comprehensively from the very beginning, which means the project team is well aware that after the new government comes to power, the relaxation of regulations and the comprehensive nature of compliance may progress in parallel, which will benefit the entire DeFi to enter the mainstream.

From the actions taken by the new leader in issuing coins, the composition of their cabinet, and the DeFi projects launched by their family, it is clear that the new government has a relatively clear stance of support for the entire Crypto Assets industry. However, the degree of regulatory relaxation still remains uncertain, and the market will continuously adjust its expectations around these new policies. At least before the 2027 midterm elections in the United States, the resistance to the implementation of many policies by the new government has significantly decreased, which is a relatively favorable key period for DeFi and the entire Crypto Assets industry.