美联储新政或让华尔街接管比特币引市场剧烈震荡

Group 1 - The appointment of Michelle Bowman as the new Vice Chair for Financial Supervision at the Federal Reserve is expected to significantly impact the global cryptocurrency market, potentially reshaping the regulatory landscape and influencing market sentiment and institutional strategies [1] - Bowman's regulatory philosophy contrasts sharply with her predecessor, advocating for a "tailored" regulatory framework rather than a "one-size-fits-all" approach, which aligns with the Trump administration's push for relaxed financial regulations [1] - Following the Federal Reserve's decision to lift restrictions on banks engaging in cryptocurrency activities, the barriers to entry for the banking sector have been notably reduced, which may lead major Wall Street firms like JPMorgan and Bank of America to accelerate their cryptocurrency custody services [1] Group 2 - The ongoing debate in the U.S. Congress regarding the "Financial Innovation and Technology for the 21st Century Act" (FIT 21) centers on the authority over stablecoin issuance, with Bowman supporting bank-issued stablecoins while opposing direct Federal Reserve involvement in non-bank stablecoin operations [3] - Bowman's proposed adjustments to the capital requirements for banks holding cryptocurrency assets could lead to increased volatility in the market, raising concerns about the potential for a repeat of the 2022 UST de-pegging crisis [3] - Consumer advocacy groups have warned that relaxing reserve audit requirements for stablecoin issuers could introduce systemic risks, especially as operational risk events related to cryptocurrency custody in U.S. banks surged by 47% year-over-year in 2024 [4] Group 3 - Bowman's aggressive reforms may channel funds from traditional financial markets into the cryptocurrency sector, potentially driving Bitcoin prices towards the $120,000 mark, but the associated policy risks remain significant [4] - The uncertainty surrounding Federal Reserve policies, particularly in light of fluctuating trade policies and economic indicators, could lead to increased market volatility, necessitating close monitoring of Bowman's team's actions and legislative developments [6] - The upcoming BTC Prague 2025 conference will serve as a platform for industry leaders and investors to discuss the future of Bitcoin amidst the evolving regulatory landscape [6]