Trump will interview with Riedel from BlackRock this week, who may become the next successor to Federal Reserve Chair Powell. However, based on market trends, the probability of Riedel ultimately receiving the nomination does not seem very optimistic—The market currently assigns only a 4% chance. Trump is expected to announce his final choice in January.

The change of Federal Reserve Chair will have a direct impact on the policy environment of the crypto market. Regardless of who ultimately takes the position, the market will closely watch the new Chair's stance on interest rate policies, inflation expectations, and liquidity. These factors will ultimately influence the pricing logic of digital assets.