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According to a report by Jinse Finance, Jay Hatfield, CEO of New York Infrastructure Capital Management, pointed out that it is somewhat unusual for Milan to serve as an interim Federal Reserve governor, as he was previously the chairman of the President's Council of Economic Advisers and has made some controversial and even hard-to-defend statements, such as forcing people to buy government bonds. However, I don't think this will affect his duties as a Fed governor. The position itself is not particularly ideal, and serving as a short-term governor is not an especially attractive opportunity. This decision is quite pragmatic, as it is difficult to recruit someone from the private sector for such a short term. The public's main focus remains on the nomination for Fed chair, but Milan's addition will put more pressure on Powell to cut rates.

According to a report by Jinse Finance, former U.S. President Trump signed an executive order on Thursday prohibiting federal regulatory agencies from using "reputational risk" as a reason to prevent banks from providing services to the cryptocurrency industry. The White House stated that past unfair practices have undermined public trust in the financial system and caused economic harm to law-abiding citizens. This move is seen as a significant step toward ending the "Chokepoint 2.0" initiative, which had previously led to the mass closure of bank accounts belonging to crypto businesses. Regulatory agencies such as the Federal Reserve have pledged to stop using "reputational risk" as a criterion for evaluating client relationships. Several Republican lawmakers have expressed support for this measure, saying it will help curb financial discrimination and restore regulatory transparency.