TechFlow reports that on December 6, Xinhua News Agency published a commentary pointing out that the current surge in Bitcoin prices reflects policy directions under America's next political cycle, highlighting the long-term struggle between regulation and capital. Institutions holding or engaging in Bitcoin and cryptocurrency trading are playing an increasingly significant role in U.S. politics.
The article notes that Trump's shift from strong opposition in 2019 to support illustrates the growing influence of the cryptocurrency industry in American politics. According to data from the Pew Research Center, 17% of Americans have participated in cryptocurrency investment or trading, with the figure rising to 23% among high-income groups and reaching as high as 41% among individuals under 30.
In fact, political action committees composed of major cryptocurrency industry players have openly funded candidates supportive of cryptocurrencies running for congressional seats. Analysts warn that as the world's largest economy and a key participant in global financial activities, if the U.S. government fails to approach financial regulation responsibly, it would not only harm American investors but also cause significant negative impacts on the global economy.
