#以太坊大户持仓变化 The Federal Reserve's New Regulatory Approach

Recently, Federal Reserve Chair Jerome Powell explicitly stated in public that he supports banking institutions gradually entering the cryptocurrency sector within a framework that strictly adheres to current regulations and effectively manages risks. His core logic is clear: rather than allowing the traditional financial system to become disconnected from emerging technologies, it’s better to proactively embrace innovation and set the rules of the game.

But here’s a key point—the need for any innovation to give way to financial stability. Powell emphasized that the resilience of the banking system and the integrity of the deposit insurance system are bottom lines that cannot be compromised in pursuit of trends.

In other words, the attitude of regulatory authorities has shifted from "blocking" to "permitting." It’s no longer about suppressing the development of cryptocurrencies but integrating them into the mainstream ecosystem. This means there will be clear industry standards, transparent approval processes, and predictable policy environments in the future.

From a market perspective, this signal is quite significant. Once traditional financial institutions receive clear cues to participate, the influx into the crypto market will no longer be just retail hot money but potentially long-term institutional allocations. The nature of this capital is entirely different—no chasing hot trends, no speculative hype, only focusing on fundamentals and long-term value.

Therefore, the next thing to watch is how the supporting policies and detailed rules will be implemented. With the policy framework clarified, how will the execution follow through? That’s the key to determining the true direction of the market.