Trump administration's personnel reshuffle has seen new developments. According to the latest news, Treasury Secretary Bessent played a key role in the selection process of the Fed Chair, not only organizing the screening but also promoting a plan that could potentially alter the Federal Reserve's policy direction.

More notably — this plan mainly focuses on interest rate cuts. Although the transfer of power always carries certain risks, if Bessent forms a cooperative stance with the new Fed Chair, the Federal Reserve's policy framework could face substantive 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 to influence market sentiment. Once the policy direction clearly leans towards easing and liquidity improves, mainstream cryptocurrencies like ETH are often poised to perform. The selection of the Fed Chair is expected to be finalized in early January, and subsequent developments require ongoing attention.