There are new developments in the personnel arrangements of the Trump administration. According to the latest news, Treasury Secretary Bessent played a key role in the selection process of the Federal Reserve Chair. He not only organized the screening process but also promoted a plan that could potentially change the Federal Reserve's policy direction.

What is even more noteworthy is that this plan mainly revolves around interest rate cuts. Although the transition of power always carries certain risks, if Bessent and the new Federal Reserve Chair form a cooperative stance, the Fed's policy framework could undergo substantial adjustments.

From the perspective of the crypto market, what does this mean? The Fed's interest rate cut expectations have always been an important lever for market sentiment. Once the policy direction clearly leans towards easing and liquidity improves, mainstream cryptocurrencies like ETH often have opportunities to perform. The selection of the Federal Reserve Chair is expected to be finalized in early January, and subsequent developments should be closely monitored.