Recently, Trump stated in an interview that he would not grant a pardon to FTX founder Sam Bankman-Fried and also claimed that cryptocurrencies require a stricter regulatory framework. This statement has sparked widespread discussion in the industry.

From a political perspective, this remark may be aimed at appealing to anti-corruption voters and conservative supporters. It is worth noting that Trump himself has previously been optimistic about Bitcoin's prospects, and now he has shifted to discussing tighter regulation, indicating a clear policy change.

On the market level, such regulatory signals often put short-term pressure on sentiment. But from another angle, a clear regulatory framework is beneficial for the industry's long-term development. The key lies in how the specific policies are implemented—there is often a gap between statements and execution. Investors should not overreact but focus on subsequent actual policy developments rather than being driven solely by rhetoric. The performance of mainstream assets like FTT, XRP, DOGE, etc., still needs to be observed in the context of the overall market reaction.