My views are exactly the opposite of yours; I believe this is truly positive news. This Bowman is the Vice Chair of the Federal Reserve, and for her to say this shows that the Federal Reserve's attitude towards cryptocurrency has also become friendly. It should be noted that BTC has challenged the Federal Reserve's power to issue currency; they were originally at odds with each other, and now this change in attitude is simply a tremendous positive development. Furthermore, this Bowman is a person associated with Trump, and she could be nominated as the next Chair of the Federal Reserve. At that time, the Federal Reserve may indeed promote BTC as a strategic reserve. The market has been down for a few days, and now this big positive news comes out, which is interpreted as a reason for the big players to offload. Which big player would be motivated by such news? In a downtrend, everyone ignores good news and excessively interprets bad news; this is all too common!