The battle for the new Federal Reserve Chair, who will really call the shots? Recently, financial media has sparked a heated debate, as the policy stances of the three candidates directly impact the future of the crypto space. This is not just a Wall Street game; it’s a triangular contest involving liquidity, regulation, and market expectations.

First, let's talk about the White House favorite—Hasset. This candidate once had a 60% betting probability, and his play is straightforward: he would cut interest rates upon taking office, and not with a gradual 25 basis points, but with a more aggressive easing policy. This sounds crypto-friendly in the short term and could trigger a liquidity rally. But the problem is also obvious—his close ties with Trump raise concerns about the Fed’s independence being compromised. If policies swing wildly, it will be hard for the crypto market to maintain stable expectations.

On Wall Street, the support is for Waller. The financial sector has given him strong backing, making him seem very influential. However, investors are increasingly unsure of his true intentions—his promise to cut rates sounds appealing, but if circumstances change, he might backtrack. The crypto community is skeptical about his policy consistency because everyone fears being caught in a trap.

The most interesting candidate is Wheeler, the dark horse. An impressive 81% of corporate executives have voted for him. Why? First, he doesn’t carry Trump’s label, and his policy logic is coherent; second, he has publicly stated that he sees no fear in digital asset innovation—this is truly crypto-friendly. Among the three candidates, he’s the only one willing to say this openly. If he wins, the crypto ecosystem could usher in an era that is independent, relaxed, and inclusive of innovation.

From a technical perspective, BTC is currently oscillating around $87,000, while ETH faces heavy resistance and hovers near $2,900. The market is clearly waiting for a signal—who will ultimately win?

If it’s Hasset, short-term liquidity could surge, but long-term policy stability remains uncertain. If it’s Waller, expectations for rate cuts might cool down, removing a catalyst for crypto markets. But if it’s Wheeler? That would be a true double blessing—guaranteed independence, a tendency toward easing, and a good understanding and acceptance of the crypto ecosystem. For long-term bulls, this is undoubtedly the most ideal scenario.

The question now is, how will the market price this? Who will ultimately become the "liquidity + regulation double savior" of the crypto market? This suspense still hangs in the air.