The only places with global influence in the cryptocurrency world are the United States and the Greater Chinese region.

I feel that in the next four years, the hope for the cryptocurrency world still lies in the United States, especially various DeFi and permissionless products, with regulations being thoroughly relaxed, a massive explosion in AI startups driving the cryptocurrency sector, and the loosening of stablecoins and banks opening up imagination space.

The dominance of Chinese CEX forces hinders innovation; compliance conservatism is only suitable for large companies. Previously, the Hong Kong SFC said it does not welcome DeFi, and Singapore has also started to expel unlicensed institutions. Hong Kong, which has nurtured these entities, is also likely to do the same.

However, if the Democratic Party returns to power in the United States, there will definitely be a major reckoning, and the Trump family along with their cryptocurrency partners will suffer greatly. In Asia, Hong Kong is likely to have relatively stable policy continuity.