Wosh, this knife isn't about cutting the crypto world, it's about reconnecting the water pipe to the dollar.

Brothers, let me speak plainly.
Don't always focus on whether Wosh has crypto assets anymore.
Once he's officially in office, all his personal holdings should be cleared; don't expect him to come out and shout "Brothers, buy in" for the crypto community.

There are two main points:
Balance sheet reduction.
Reserves.

What is balance sheet reduction?
The Federal Reserve has too many U.S. Treasuries, wants to sell some, and pull back the dollars.
But here's the problem: U.S. Treasuries aren't something you can sell at will.
If no one buys, yields spike, banks suffer, companies find it hard to borrow, and the market can easily blow up.

Who will buy then?
Stablecoins.
USDT, USDC, after collecting dollars, need to buy short-term U.S. Treasuries as reserves.
If the Fed wants to sell, stablecoin issuers are just the ones to buy.
See, it all connects now.
So stablecoins are no longer small fry.
They're like the "blood bag" in the Fed’s balance sheet reduction.
Americans didn't suddenly love the crypto world; they found out these things can do work.
But brothers, don’t only look at the sweet side.

Stablecoins usually hold U.S. Treasuries, but if something goes wrong, they can also crash the Treasuries.
In a run, issuers have to sell Treasuries to pay back.
Usually, they’re the blood bag.
In a panic, they become the knife.

And then, reserves.
After 2008, banks can put money into the Federal Reserve and earn over 3.5% interest.
No risk, plus returns.
So why do banks still lend so desperately?
Lying down and earning money, who wants to work hard?

Wosh is unhappy about this.
If he really flips this comfortable bed, banks’ money will have to come out looking for returns.
Lend loans.
Buy assets.
Enter the market.

So here’s the key:
You might think balance sheet reduction is about draining liquidity.
But if the reserve system changes, money might actually flow back from the Fed’s account to the market.
Surface-level draining, underlying easing.
That’s what makes Wosh’s knife so interesting.
He’s not just hawkish or dovish.
It’s like he’s reconnecting the water pipe of the dollar.

Stablecoins are responsible for holding U.S. Treasuries.
Reserves reform is about forcing banks’ money out.

One is taking over, the other is easing liquidity.

Brothers, don’t panic just because you hear “balance sheet reduction.”
What really matters is:
Whether stablecoin scale continues to grow.
And whether the reserve system of banks changes.
If these two move together, this isn’t just tightening; it’s a change in strategy.