Recently, a series of concerning developments have emerged in the field of financial regulation in the United States. According to reports, Trump intends to nominate his economic advisor Milan to fill a position on the Federal Reserve Board of Governors, while also considering appointing former World Bank President David Malpass to another vacancy. This personnel arrangement could have significant implications for future monetary policy.

Meanwhile, former Fed Vice Chair Lael Brainard issued a warning, pointing out that political interference could jeopardize the independence of the Fed. She predicted that several regional Fed bank presidents may face dismissal risks due to political factors next year, raising concerns in the market about the independence of Fed policy-making.

In the cryptocurrency space, U.S. Senator Mark Warner may become a key figure obstructing the legal protection bill for crypto developers. Although Warner previously supported stablecoin regulation, he has expressed concerns about security issues in the decentralized finance (DeFi) sector and opposes providing legal exemptions for developers. This position could hinder the advancement of the "Digital Asset Market Clear Act."

These events highlight the potential impact of political factors on financial policies and regulations, prompting the market to reflect on the stability of the U.S. financial system and the environment for innovation.