Recent statements by Treasury Secretary Besant are planting several ticking time bombs in global markets. If you're still on the sidelines, you may need to reassess your current positions.

**The Fed Chair Is No Longer the "Rate Czar"**
Besant openly stated: Don’t view the Fed Chair as a one-word authority. His point is clear—the Chair is just one voting member, and real decisions on interest rates are made by the entire Board along with regional Feds. The underlying signal is even more explosive: opening the door for government intervention in monetary policy. The next Fed Chair nominee may be announced after Christmas, signaling the potential for a dramatic policy shift ahead.

**Major Shake-Up in Regional Fed Leadership**
An even bolder move: going forward, regional Fed presidents will be required to have lived in their district for at least three years before taking office. This new rule instantly makes three current presidents “ineligible.” Is the era of Wall Street parachuting executives into regional Feds coming to an end? The Atlanta Fed president has already resigned, and it’s too early to say how much further personnel changes could ripple.

**Tariff Policy Enters “Infinite Mode”**
The most explosive statement: “Even if the courts rule against us, we can use a different statute to impose the same tariffs again.” Besant laid out multiple cards, including Section 301 and Section 232, making it clear that tariffs are becoming a normalized tool. Global trade rules are facing reconstruction, and the balance between traditional safe-haven assets and cryptocurrencies could be rewritten once more.

**Private Credit Deemed “High Risk” in Advance**
Besant also sounded the alarm on the private credit market: this area is the first to collapse in an economic downturn. He criticized current regulation for forcing credit business into the gray zone, hinting at possible banking regulatory easing. But that also means risk is shifting—the trigger for the next financial crisis might be lurking in the shadow banking system.

**Triple Shockwaves for the Crypto Market**
The Fed’s internal power struggle will increase policy uncertainty, benefiting volatility assets in the short term; expectations of permanent tariffs will boost demand for traditional safe-haven assets, potentially strengthening the digital gold narrative; and structural risk transfer in the credit market will push some capital to seek alternative investments in crypto.

Mainstream coins like BTC and ETH, as well as privacy coins like ZEC, are worth watching in the coming macro battles.