Recently, a significant change has taken place in the American financial sector. Trump broke with tradition by announcing early that he would fill the vacancy on the Federal Reserve Board, a move that has sparked widespread discussion on Wall Street. Kugler's sudden resignation has created an opportunity for Trump to reshape the discourse on monetary policy, and the market is highly attentive to the policy inclinations of the new board member.

The candidates for the Federal Reserve Board members and the Chair will have a profound impact on the global liquidity environment, subsequently affecting the valuation of high-risk assets such as cryptocurrencies. Asian investors are particularly attentive to this trend, looking forward to new policy signals.

Among the potential candidates, Hassert stands out with a low interest rate stance, which could reignite market expectations for monetary easing. Besant, known for his inclination towards regulatory reform, may open new pathways for the compliant development of the crypto industry. In contrast, Waller's hawkish position has raised market concerns regarding tightening policies. Meanwhile, the change in the CFTC chairman candidate also indicates that the regulatory environment for crypto derivatives may undergo a transformation.

For investors, this personnel change brings both opportunities and challenges. Dovish candidates may benefit high-risk assets, while fluctuations in the dollar index will affect the relative valuation of cryptocurrencies such as ETH/BTC. Some analysts suggest focusing on assets related to Bitcoin reserves, believing they may see anticipated premiums.

In the face of this complex situation, investors should closely monitor policy signals and adopt a phased investment strategy to cope with potential market fluctuations. Regardless, this personnel change at the Federal Reserve will undoubtedly have a profound impact on global financial markets, especially in the emerging field of crypto assets.