PANews reported on January 24th that Garrett Jin, an agent for “1011 Insider Whale,” posted on the X platform that Rick Rieder’s probability of becoming the next Federal Reserve Chairman has risen to 59.9%, significantly ahead of Kevin Warsh. It is understood that Trump has already completed interviews and has a clear preference. Rick Rieder has gained recognition for his central banker-like composure and bold Fed reform ideas. The result could be announced as early as next week, and if elected, it would bring two major benefits:
First, the on-chain implementation of RWA is progressing more smoothly, regulatory friction has decreased, and institutional funding inflows have accelerated.
Second, the increased stability of US Treasury bonds and the bond market, along with improved efficiency in issuing Treasury bonds and improved balance sheet repair, aligns with the current administration’s policy orientation.
Market analysts believe that Rick Rieder’s appointment as head of the Federal Reserve is a huge positive for RWA and ETH, and the RWA narrative is expected to gain further traction.
