The report, titled ‘HTX 2024 Global Web3 Blockchain Ecosystem Review and 2025 Outlook’, offers insights into the developments of the crypto industry and an outlook on Trump’s impact on crypto policy.
,It highlights five key sectors that made notable progress in the past year and will remain a focus for HTX in 2025:
,The report states that, as Trump is about to take office, key legislation is likely to pass quicker. Two bills specifically are highlighted, the FIT21 Act and the Bitcoin Strategic Reserve Act.
,The FIT21 Act aims to create a clear legal framework for token issuance and trading, to help standardise and promote the healthy growth of the entire industry.
,The Bitcoin Strategic Reserve Act could mark Bitcoin’s transition from a niche asset to a nationally recognised reserve asset, whilst prompting other countries to adopt similar measures. Trump is in a strong position to advance this bill, while several US states have already proposed their own Bitcoin Strategic Reserve bills.
,Lastly, the report highlights that the SAB121 Act is also likely to be repealed under Trump, enabling traditional financial institutions to hold cryptocurrencies on their balance sheets, which would accelerate the institutional adoption of crypto assets and support the maturity of the market. Additionally, the SEC may ease the Howey Test criteria, raising the chances of more spot crypto ETFs being approved and increasing the number of public crypto company listings.
