Fed Governor Chris Waller says post-election crypto euphoria is fading as ties to TradFi deepen

Federal Reserve governor Chris Waller said at a Monday conference that the surge of enthusiasm for crypto following U.S. President Donald Trump's election win is now easing as the sector becomes more integrated with traditional finance. He argued that mainstream financial firms adjusting their risk exposure contributed to the recent sell-off and described crypto's sharp price swings as simply part of the business. Waller added that the Fed aims to launch limited-access "payment accounts" for fintech and crypto firms by the end of the year, following a public feedback period.