Powell Must Stay! The Cryptocurrency Market Doubles in Three Days!
Today, U.S. Treasury Secretary Basent publicly stated: Powell has no reason to resign! This shocking statement not only stabilizes the steering wheel of the Federal Reserve's policy direction but also creates huge waves in the cryptocurrency market. Combined with the recently passed 'Genius Act' and the Trump administration's frenzied layout for stablecoins, a 'policy feast' capable of rewriting the landscape of the cryptocurrency world is unfolding!
1. Basent Supports Powell, Federal Reserve Policy Continuity Becomes a Foregone Conclusion
According to reports from First Financial, Basent clearly opposes Trump's intention to fire Powell, citing the core reason—economic performance is good. This statement directly crushes market concerns regarding a 'sudden change in Federal Reserve policy' and further implies that Powell will continue to lead the direction of Federal Reserve monetary policy.
What does this mean for the crypto market?
Strengthened rate cut expectations: If the Federal Reserve is expected to cut rates twice before the end of the year, global liquidity will further ease, and the low-interest-rate environment will push funds toward high-risk, high-return assets, reactivating Bitcoin's safe-haven properties as 'digital gold.' Policy stability is beneficial: Powell's retention avoids policy fluctuations caused by personnel upheavals at the Federal Reserve, providing a more predictable regulatory environment for the crypto market and greatly increasing institutional confidence in entering the market.
2. The Trump Administration's Frantic Layout, Stablecoins Become New Weapons of Dollar Hegemony
At the same time as Basent's statement, another major event in U.S. politics ignited the crypto market—Trump signed the 'Genius Act,' formally establishing a regulatory framework for stablecoins! The passage of this act has been called the starting point of Dollar Hegemony 2.0 by Wall Street:
This means that the world's largest stablecoins USDT and USDC will completely become the carriers of digital dollars, and the influence of the U.S. dollar will permeate every corner of the globe through cryptocurrencies.
