$SUI
The Dark War on Wall Street! The Battle for the Chair of the Federal Reserve Heats Up, Who Will Hold the Key to the Bull Market in the Crypto World?
Trump has not yet made a decision, but the battle for the Federal Reserve chair has already intensified! Originally narrowed down to Hassett as the sole candidate in early December, the smoke has risen again—Waller returns with a strong interview, Waller just finished a praised meeting with Trump, and BlackRock's Rieder is still waiting in line. This game spanning Washington and Wall Street has already affected global financial nerves.
The influence of the candidates behind the scenes in the crypto world is vastly different. Hassett, as Trump's core advisor, bluntly states the need to 'immediately cut interest rates', and was once a consultant for Coinbase. If his dovish stance is implemented, it is expected to inject massive liquidity into the crypto market, as historical data shows that rate cuts can significantly lower the holding costs of risk assets. However, Wall Street complains that he is 'too closely tied to the White House', lacking independence from the central bank, which may trigger market reverse betting.
Waller is the representative of the hawks, supporting balance sheet reduction and R&D of CBDCs. He is not friendly towards decentralized crypto assets but has received implicit support from JPMorgan CEO Dimon, who claims he can 'maintain the credibility of the Federal Reserve'. The dark horse Waller is even more interesting, one side shouting 'steadily cut interest rates by 50-100 basis points', while also calling to halt central bank digital currency and supporting private stablecoins, having secured 81% support from Wall Street executives, making policy predictability his biggest bargaining chip.
This game is essentially a rehearsal for the fate of the crypto world: Trump is determined to 'significantly cut interest rates', while the new chair's interest rate path and regulatory attitude will directly determine whether assets like Bitcoin can take off with the liquidity tailwind. Wall Street giants lobby overnight, Washington exerts pressure from afar, candidates showcase their abilities, but who will ultimately win?
Which candidate do you bet on? Do you think the wave of interest rate cuts can really ignite a new bull market in crypto?