{"id":94111,"date":"2026-02-10T10:34:00","date_gmt":"2026-02-10T07:34:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94111"},"modified":"2026-02-10T10:35:16","modified_gmt":"2026-02-10T07:35:16","slug":"federal-reserve-official-notes-waning-cryptocurrency-hype","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/federal-reserve-official-notes-waning-cryptocurrency-hype\/","title":{"rendered":"Federal Reserve Official Notes Waning Cryptocurrency Hype"},"content":{"rendered":"

The euphoria surrounding cryptocurrencies, which began after Donald Trump’s victory in the U.S. presidential election, is gradually “waning,” according to Christopher Waller<\/a>, a member of the Federal Reserve Board of Governors.<\/p>\n

Under the Trump administration, many participants in the TradFi<\/span> market increased their share in digital assets, driving their growth, the official noted. However, Congress’s inability<\/a> to swiftly pass a bill on the cryptocurrency market structure “scared people off” by creating significant uncertainty.<\/p>\n

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“The hype came mainly from the financial sector. Then there was a big sell-off simply because traditional firms were forced to adjust their risk positions,” Waller clarified.\u00a0<\/p>\n<\/blockquote>\n

The Fed member considers the recent downturn<\/a> “part of the game.” He advised those not ready to take risks to “stay out” of crypto trading:\u00a0<\/p>\n

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“You get in, you make money, you can lose money \u2014 that’s the nature of things.”<\/p>\n<\/blockquote>\n

Waller also stated that the Federal Reserve will introduce “payment accounts” within the year, aimed at simplifying access for fintech companies and cryptocurrency firms to central bank systems.<\/p>\n

According to the official, payment accounts “will foster innovation while ensuring the safety of the monetary system.” Last week, the Fed completed its review of feedback on this proposal.\u00a0<\/p>\n

Ultimately, the tool for crypto firms was labeled “stripped-down.” Such accounts will have fewer privileges than those of large banks, depriving companies of the ability to earn interest and imposing limits on fund volumes.<\/p>\n

Back in January 30, Trump announced<\/a> the nomination of Kevin Warsh as the next Fed chair following Jerome Powell, whose term ends in May.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The euphoria surrounding cryptocurrencies, which began after Donald Trump’s victory in the U.S. presidential election, is gradually “waning,” according to Federal Reserve Board member Christopher Waller.<\/p>\n","protected":false},"author":1,"featured_media":94112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Cryptocurrency euphoria post-Trump's election win is waning, says Fed's Waller.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,1138],"class_list":["post-94111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"143","promo_type":"1","layout_type":"1","short_excerpt":"Cryptocurrency euphoria post-Trump's election win is waning, says Fed's Waller.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94111"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94111\/revisions"}],"predecessor-version":[{"id":94113,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94111\/revisions\/94113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94112"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}