4E: Eric Trump says crypto will "save the dollar", and many countries tighten stablecoin regulation

On September 19, according to 4E observation, Eric Trump, the son of Trump, said recently that cryptocurrencies are expected to indirectly support the status of the US dollar by attracting global capital into the US digital asset market. He stressed that a digital asset-friendly US will become a global capital safe haven, thereby boosting demand for US dollar assets.
Coinbase CEO Brian Armstrong also sent a positive signal, noting that legislation related to the structure of the crypto market, with bipartisan support, "is likely to move forward" and bring a clearer regulatory framework to the industry.
At the regulatory level, the Hong Kong Institute of Certified Public Accountants is expected to launch guidelines on virtual asset accounting and auditing in the first half of 2026 to support the local tech and digital asset ecosystem. Bloomberg analyst Eric Balchunas forecasts that more than 100 crypto ETFs could be listed in the next 12 months if the common listing standards are implemented.
At the same time, the Bank of Canada has called for the establishment of a stablecoin regulatory framework, emphasizing the need to enhance the security and competitiveness of payment systems to avoid falling behind other jurisdictions; Australia has relaxed the regulation of intermediary distribution, allowing it to distribute stablecoins issued by licensees without additional licenses, which is seen as a transitional arrangement before stablecoin regulatory reform.
4E reminds investors that the narrative of the US dollar, regulation and stablecoin is advancing orthogonally, and the policy expectations of the crypto market continue to improve. However, before the rules of various countries are implemented, the market is still in the policy pilot and transition stage. Investors are advised to pay attention to cross-border regulatory differences and the rhythm of policy implementation.