My friend said: The listing of Circle owes much to the Biden administration. If Silicon Valley bank SVB really collapses in 2023, USDC would probably be almost useless. At that time, a large amount of USDC's margin was placed in SVB. Do you remember when USDC fell to as low as $0.87? On March 12, 2023, the Biden administration announced the protection of all SVB deposits, including uninsured deposits exceeding $250000, through the Federal Deposit Insurance Corporation (FDIC). This means that Circle can fully recover the $3.3 billion reserve in SVB, avoiding direct losses to USDC reserves. On March 13th, the USDC price gradually recovered to an anchor level close to $1. The Biden administration's rapid intervention did play a crucial role in the recovery of the USDC. Without comprehensive deposit protection from the FDIC, the liquidation of SVB deposits may take months or even years, during which the USDC may face greater pressure from runs and even the risk of collapse. Therefore, in terms of results, the Biden administration's policies have bought valuable time for the USDC, indirectly helping it avoid the worst-case scenario. ” It can be said that Biden partially saved the cryptocurrency industry, while Trump drained the liquidity of the cryptocurrency industry. Let me ask you a simple question: Do you think it's better to make money during Biden's tenure or during Trump's tenure?