Regulatory clarity would encourage American founders to stay in America, kick-start enterprise adoption, and drive institutional investment.
Bitcoin has surged, and many of the companies that operate in the space like Coinbase and Hut8 have fared well, which makes sense if you assume markets are now pricing in a shift from government regulation as a headwind to government support as a tailwind.
Memecoins have outperformed, with Dogecoin (DOGE), Pepe (PEPE), dogwifhat (WIF), and Shiba Inu (SHIB) beating Bitcoin handily.