Why has the crypto industry been pushed to such a high level by U.S. regulation and industry? I believe there are several reasons: 1. Expanded population: Over 20% of U.S. crypto asset holders, likely over 30% in the young and middle-aged groups, have become an undeniable force. Politicians need to cater to such a large population. 2. Interests determine perspective. Tech giants have participated in crypto assets, and as stakeholders, naturally advocate for their group when gaining a voice. Peter Thiel, Sacks, and a16z's Marc Andreessen are the most active, with Vance recommended to Trump by Peter Thiel. 3. Wall Street veterans Bessemer and Rutnick. Bessemer, who was a fund manager at Soros's London office during the attacks on the British pound and Thai baht, understands global monetary issues. Rutnick's bond investment company helps Tether manage its U.S. Treasury bonds. They naturally envision using stablecoins to intercept dollar usage in non-U.S. regions, finding new purchasing power for U.S. Treasury bonds. 4. More importantly, crypto technology (blockchain, smart contracts) is potentially one of the foundations of future digital economy, alongside AI. Previous discussions suggested that future metaverse natives might be bots or agents, unrestricted by single entities, with unlimited attention to fulfill human needs. Consider how these bots will interact, interconnect, store data, and prevent malicious actions. Smart contracts are likely the best solution. If this occurs, AI could naturally incentivize other bots, agents, and even humans through crypto currencies to complete tasks. Carefully considering, crypto might be preparing for a highly digitized future society. Observing a16z's Marc Andreessen and Ben Horowitz's conversation last October, they share this perspective, possibly representing the collective understanding of the U.S. tech circle. As for policy momentum and pace, it's not unexpected. Two related tweets from last November: 1. The AI and crypto industry during Trump's era should bear the same historical mission as the "information superhighway" in the Clinton era and the "Star Wars program" in Reagan's era. 2. In the coming years, the crypto industry will welcome a "valuation-innovative friendly crypto industry environment" and "relaxed and regulated crypto supervision environment".

The fusion of AI and crypto will be interesting.