On January 23rd, according to CNBC, the CEOs of the three major cryptocurrency companies Coinbase, Binance and Circle said in an interview during the World Economic Forum in Davos that with the return of Trump who supports bitcoin to the White House, the US cryptocurrency regulatory framework is expected to make a breakthrough this year. The SEC has announced the establishment of a "cryptocurrency working group" on Tuesday, which will start to develop a comprehensive and clear regulatory framework, focusing on issues such as token registration. Brian Armstrong, CEO of Coinbase, said that the industry has suffered a crackdown over the past four years, with regulators even taking enforcement action against compliance companies. He stressed that the most important task for the industry now is to advance the legislative process and provide clear rules for the market. BinanceCEORichardTeng expects cryptocurrencies to hit record highs this year, focusing on legislative developments in areas such as token issuance, trading, and asset management. Circle CEO Jeremy Allaire pointed out that there are currently senators and representatives in the US Congress who support crypto technology, especially in terms of stablecoin legislation. The Payment Stablecoin Clarity Act, which aims to establish a licensing system for stablecoin issuers, is under consideration in Congress.