Recently, a significant piece of news has emerged in the U.S. financial sector. White House economic advisor Stephen Milan has been nominated to the Federal Reserve Board of Governors, and this appointment has drawn widespread attention from the market. Milan is not only an important economic think tank but is also noteworthy for his supportive stance on crypto assets.

Milan has publicly expressed dissatisfaction with the current Crypto Assets regulatory system, calling for simplified policies to promote industry innovation. Although his term may be short, this appointment has already elicited a noticeable reaction in the market. Following the announcement, Bitcoin prices rose while the dollar index fell, reflecting investors' expectations of a potential policy shift.

As an economist inclined towards interest rate cuts, Milan's views are highly aligned with the current government. He has repeatedly criticized the negative impact of high interest rates on the US economy. Although he may not have time to participate in the policy vote in September, the market has already begun to bet on the possibility of rate cuts. Milan has pointed out the disadvantages of a too strong dollar in academic research, suggesting that he may support a relatively loose monetary policy.

In terms of regulation, Milan advocates for a more flexible approach rather than a one-size-fits-all strict control. He believes clear compliance guidelines should be established for the Crypto Assets industry to avoid shifting responsibilities among regulatory agencies. Currently, several major Crypto Assets exchanges in the U.S. are facing regulatory pressure, and if Milan can promote policy coordination at the Fed, it could clear obstacles for institutional investors entering the Crypto market.

However, investors should remain vigilant about short-term market fluctuations. Although the overall trend may be positive, the high volatility of the Crypto Assets market still exists. Investors should stay rational, closely follow policy changes, and manage risks effectively.