#数字资产监管进展# Reviewing the succession of past Fed chairpersons, it is not difficult to find that each handover has brought subtle changes in policy direction. This time, Waller has become a popular candidate, revealing the White House's certain expectations regarding monetary policy. His open attitude towards stablecoins and DeFi may herald a new chapter in digital asset regulation. However, history tells us that central banks that are too closely tied to politics often struggle to maintain long-term credibility. Regardless of who ultimately takes the position, the market needs time to digest and reprice. For investors, following the continuity of policy and the independence of the Fed may be more important than speculating on specific candidates. After all, a strong and stable Fed is crucial to maintaining the global financial order and the hegemony of the dollar.