The paper, titled "HTX 2024 Global Web3 Blockchain Ecosystem Review and 2025 Outlook," provides an assessment on Trump's potential influence on crypto legislation as well as insights into the evolution of the crypto business.

It identifies five crucial areas that saw significant advancements in the last 12 months and will continue to be HTX's priorities in 2025:

Bitcoin Ecosystem: In 2024, Bitcoin's market share increased, solidifying its position as the primary asset. U.S. firms like MicroStrategy (MSTR) absorbed dollar liquidity, while spot ETFs supplied liquidity. Strong macromarket and infrastructural support indicate that demand for Bitcoin will continue to rise over the next two years, making it imperative to further strengthen the ecosystem and increase capital use efficiency.

Infrastructure: Layer 1, Layer 2, and middleware initiatives have developed quickly thanks to a mix of technology and funding. In the crypto arena, Layer 1 solutions have emerged as a primary area of technological research and development, and they are anticipated to continue to be given top priority for capital investment and development resources in the future.
Meme Coins: Meme projects are crucial conduits for capital inflows, and as the crypto market conditions improve, more retail investors are anticipated to join the market.

AI: Over time, AI agents will progressively transform into users' personal assistants, providing them with a wide range of services and perhaps even creating their own distinct cultures and faiths. This profound combination of AI with encryption technology represents a breakthrough advancement that Web2 and Web3 cannot accomplish by depending alone on encryption technology.

TON Ecosystem: Thanks to Telegram's hundreds of millions of users and strong technical support, the TON ecosystem has made major strides in a number of areas and is in the forefront of using cryptocurrency to monetize Web2 social apps. It has to investigate new business models in 2025 in order to improve customer retention and spot expansion prospects.

According to the study, important legislation is expected to move more quickly now that Trump is about to enter office. The FIT21 Act and the Bitcoin Strategic Reserve Act are the two laws that are explicitly emphasized.

In order to assist standardize and encourage the industry's overall healthy growth, the FIT21 Act seeks to establish a clear legal framework for token issue and trading.

Bitcoin may become a nationally recognized reserve asset as a result of the Bitcoin Strategic Reserve Act, which may also encourage other nations to enact such legislation. While numerous US states have previously put out their own Bitcoin Strategic Reserve laws, Trump is well-positioned to move this plan forward.

The article concludes by pointing out that Trump is also likely to overturn the SAB121 Act, which would let conventional financial institutions to keep cryptocurrencies on their balance sheets. This would hasten the institutional adoption of crypto assets and promote market maturity. The SEC may also relax the Howey Test requirements, which would increase the likelihood that more spot crypto ETFs will be accepted and that more public crypto companies will be listed.