美联储主席大热人选沃勒：以太坊和稳定币是支付发展的下一步，机构应该采用

Core Insights - The Federal Reserve Governor Waller expressed optimism about digital assets, particularly Ethereum and stablecoins, indicating significant policy support for institutional adoption of these assets [1] - The GENIUS Act, which establishes a federal regulatory framework for stablecoins, is seen as a positive development for the cryptocurrency market [2] Regulatory Framework - The GENIUS Act, effective July 2025, mandates stablecoin issuers to hold high-quality liquid assets like U.S. Treasury securities and cash as a 1:1 reserve [2] - The CLARITY Act, passed alongside the GENIUS Act, clarifies the jurisdictional boundaries of the SEC and CFTC, categorizing non-stablecoin assets like Bitcoin and Ethereum as "digital commodities" under CFTC regulation [2] Institutional Investment Trends - As of Q3 2025, Ethereum ETF assets reached $27.6 billion, with inflows surpassing those of Bitcoin ETFs [3] - Over 64 companies have invested $10.1 billion in staking and tokenizing real-world assets on Ethereum [3] - Ethereum's recent upgrades have reduced gas fees by 90%, making decentralized finance (DeFi) applications more cost-effective and attracting more institutional capital [3] - The total value locked (TVL) in DeFi reached $223 billion, indicating significant investment in decentralized financial products [3] - Ethereum's dominance in the stablecoin ecosystem is reinforced, with 50% of global stablecoin issuance and circulation occurring on the Ethereum network [3]