Bitget Research: If the theme of the White House Crypto Summit is unclear, it may cause market volatility

Odaily News Traders are now looking forward to Friday's White House cryptocurrency summit to bring good news to the market. Ryan Lee, chief analyst at Bitget Research, said: "The outcome may significantly affect the regulatory environment and institutional views on digital assets, shifting to clear token classification, tax incentives and reduced enforcement actions, which may eliminate obstacles faced by banks and funds. Key market signals to watch include specific guidelines on securities laws, reserve structures, regulatory tolerance from people like Mark Uyeda of the U.S. Securities and Exchange Commission (SEC), and hints of legislative support - each of which has the potential to drive a bullish wave, or, if vague, trigger volatility." (Coindesk)