The Trump administration strengthens the position of Bitcoin, Altcoins face regulatory uncertainty

Odaily Planet Daily reports that renowned trader Eugene Ng Ah Sio has recommended an analysis article about the White House crypto summit on social media, calling it an "excellent analysis". The article focuses on the Trump administration's latest crypto policy. The U.S. government's latest encryption policy strengthens Bitcoin's dominant position, proposes the concept of a "digital Fort Knox", and plans to convert confiscated crypto assets into BTC, further consolidating its "digital gold" attribute.

According to the analysis, the policy mainly ensures that the crypto industry is no longer suppressed, including stopping banks from blocking and providing some regulatory clarity. However, it did not prioritize consideration for development in the crypto industry and did not involve payments or DeFi sectors. At the same time, Altcoins (such as XRP, ADA, SOL) have not received explicit support; future regulation still holds uncertainty.

In addition, members of Trump family have repeatedly voiced their support for Altcoins and hinted at promoting a “cryptocurrency tax-free” policy. However David Sacks - a Trump advisor - denied this claim emphasizing that cryptocurrency policies will not favor specific tokens. Market expectations suggest if disagreements within Team Trump increase there may be potential adjustments to future policies.