Trump's close team recently pushed for a high-profile candidate—Wash is expected to succeed as Federal Reserve Chair. According to market data, his probability of winning has already surpassed that of another contender, Haskett.

What does this imply? Deutsche Bank analysts pointed out that if Wash indeed takes office, he might push forward both rate cuts and balance sheet reduction simultaneously. But there is a prerequisite—financial regulatory reform must be in place, especially lowering banks' reserve requirements.

Wash's policy stance is very clear: he believes inflation is controllable and advocates for the central bank to return to its core functions. More importantly, he is optimistic about the economic growth potential brought by AI technology and deregulation. His background is also quite impressive—spanning academic research, financial regulation, and investment practice, with considerable influence in the industry.

For the crypto market, signals of deregulation alone are enough to attract attention. Expectations of rate cuts combined with regulatory boundary adjustments could redefine market liquidity and risk asset allocation logic. The upcoming developments are worth continuous monitoring.