Recently, there has been a wave of heated discussions in the U.S. financial community. News about a possible leadership change at the Fed has been rampant, even though the current chairman Powell's term will last until 2026. Reports indicate that the new chairman will be selected from three or four candidates, with notable contenders including former Fed governor Kevin Warsh and economist Stephen Moore. Both candidates are considered to hold a relatively loose monetary policy stance, and what is more striking is their open attitude towards Crypto Assets, supporting the use of Crypto Assets to challenge the dominance of traditional Central Bank Digital Money.

This potential leadership change may have far-reaching effects on the Crypto Assets market. Firstly, it could accelerate the process of integrating stablecoins into the Fed's payment system. Currently, only one institution has qualified for a master account, and if the policy is relaxed, stablecoins are expected to be widely used in global trade just like dollar cash, which will greatly enhance the convenience of transactions.

Secondly, the new leadership may suspend the research and development of the digital dollar (CBDC). This move will create more policy space for the development of decentralized digital assets like Bitcoin.

Finally, more forward-looking is the possibility that the United States might consider incorporating Bitcoin into its national strategic reserves. If the U.S. follows in the footsteps of El Salvador and uses Bitcoin to repay national debt, it would undoubtedly trigger a strong reaction in the market and potentially ignite investor enthusiasm.

These potential policy changes suggest that the crypto assets market may welcome new development opportunities. However, we should also recognize that the actual implementation of policies will take time, and market participants should remain rational and closely monitor the developments. In any case, these discussions themselves indicate that crypto assets are gradually gaining more mainstream recognition, which is undoubtedly a positive signal for the long-term development of the entire industry.