Recently, the crypto market has undergone a round of adjustments, and the potential shift in Fed policy has sparked discussions within the industry about long-term impacts. As institutional funds get on board in large scale, the funding structure of the crypto market is undergoing transformation. Notably, Trump supports including Crypto Assets in 401(k) retirement plans, which could bring significant incremental funds to the market. At the same time, Financial Institutions are also adjusting their service strategies, developing Compliance crypto products to attract more conservative investors.

In terms of the policy environment, the regulatory framework is becoming clearer. The upcoming implementation of the Genius Act will enhance the transparency of stablecoins while incorporating crypto activities into the regular regulatory system. Additionally, the open attitude of the new board member may promote coordination among regulatory agencies, improving the overall Compliance environment.

However, the reshaping of the market ecosystem has also brought about a situation where risks and opportunities coexist. The Fed's potential interest rate cut policy may enhance market liquidity, but it could also exacerbate price volatility. The entry of Crypto Assets into retirement accounts has improved their asset status, but the technical and Compliance challenges faced by small and medium-sized Financial Institutions cannot be ignored. In addition, while the integration of TradFi and decentralized finance (DeFi) has driven innovation, geopolitical factors may still influence investors' risk preferences.

In the long term, the crypto assets market may welcome new growth opportunities. With the increase in institutional holdings and the expansion of market size, the industry concentration is expected to improve. However, investors need to respond cautiously, focusing on top projects with strong compliance, and remain vigilant about the potential risks of small and medium-sized crypto financial institutions.

Overall, the shift in Fed policy could become an important turning point for the development of the crypto market, with long-term prospects of enhancing the overall resilience of the market. However, during this transition period, investors still need to be vigilant about market volatility and adopt appropriate risk management strategies.