The Federal Reserve is currently facing a dilemma. On one hand, it needs to maintain policy independence; on the other hand, the Trump administration's calls for rate cuts are incessant. Under this balancing act, the Fed has adopted a relatively cautious stance—responding to external pressures while safeguarding its decision-making space. The Trump team has explicitly stated that they hope to see a more accommodative interest rate environment and have even set clear expectations for the next chairperson.

This tug-of-war at the policy level in the United States is actually profoundly changing the global liquidity landscape. Once monetary policy shifts to easing, the supply of US dollars in the market will significantly increase. For cryptocurrencies, this is undoubtedly a positive signal—historical experience shows that a liquidity-rich environment often boosts the valuation of risk assets. Mainstream tokens like $ETH, $DOGE, and $SOL will all benefit from this.

Especially for public chain ecosystems like Ethereum and Solana, they tend to attract substantial capital inflows during periods of liquidity easing. As one of the community's most consensus-driven tokens, Doge's performance is also closely related to overall market sentiment. In simple terms, this game of tug-of-war between the Federal Reserve and government departments may ultimately create more room for growth in the entire crypto market.