Recently, there have been some movements in the policy and market aspects of the crypto world, worth paying attention to.

First is the index sector. MSCI announced that it will not exclude digital asset custody companies from its February review, a decision that caught some people by surprise. Previously, there were voices in the market suggesting that companies primarily investing in Bitcoin (like MSTR) should be removed from the MSCI Global Investable Market Index, but now it seems MSCI has adopted a more cautious approach. They plan to conduct broader consultations and reassess the positioning of non-operational companies and investment entities within the index. Once this news broke, MSTR's stock jumped 5-6% after hours, indicating that the market is quite receptive.

Another major event is the legislative movement in the U.S.. According to reports, the Senate Banking Committee may hold a hearing or vote on the Crypto Market Structure Bill next week. The details of this bill are quite complex, and opinions among different parties are not entirely aligned, so whether it will ultimately pass remains uncertain. Interestingly, David Sacks, the White House's "Crypto Affairs Director," has been meeting with senators to push this forward. Based on current public opinion, the political environment may be favorable for advancing such legislation, but how it will develop remains to be seen.