If the theme of the White House Cryptocurrency Summit is ambiguous, it may cause market fluctuations

Traders are now looking forward to good news from the White House cryptocurrency summit on Friday, says Ryan Lee, chief analyst at Bitget Research. This outcome could significantly impact the regulatory environment and institutions' views on digital assets, shifting towards clear token classification, tax incentives and reducing enforcement actions, potentially removing obstacles faced by banks and funds. Key market signals to watch include specific guidelines on securities law, reserve structures, regulatory tolerance of people like Mark Uyeda of the US Securities and Exchange Commission (SEC), and hints of legislative support - each one has the potential to drive a bullish wave. However, if it is vague or unclear it may cause market volatility. (Coindesk)