$BTC $ETH Major event for wallets! The suspense over the Federal Reserve Chair has been revealed, and the crypto world is facing a turning point. Who will control the U.S. "money printer" is now highly likely to be decided, with Kevin Waugh being considered the top candidate and favored by Trump. He advocates a "pause on printing money before discussing interest rate cuts," which directly caused Bitcoin to drop to a two-month low. Last night, BTC and ETH declined in tandem with global risk assets. The market worries that his appointment will lead to strict inflation control and liquidity tightening. If officially announced, short-term volatility in the crypto space will likely intensify. However, Waugh is considered a knowledgeable player in the crypto circle—serving as an advisor for the Bitwise Crypto Index Fund and having invested in algorithmic stablecoin projects. Yet, he consistently believes cryptocurrencies are "software" rather than true money. He is likely to strengthen stablecoin regulation, firmly oppose privacy-invading retail CBDCs, but support blockchain upgrades for interbank settlement systems, which benefits compliant DeFi and asset tokenization sectors. Whether he can withstand Trump's low-interest-rate demands is key to determining the future market direction. It is recommended to closely watch official statements regarding "inflation control" and "policy discipline," maintain a light position in the short term, and focus on compliant projects with real applications. The path to making money in the crypto world may open a new chapter.