The recent hawkish remarks from senior Federal Reserve officials have once again made headlines. According to reports, Fed official Kashkari publicly stated that cryptocurrencies are "basically useless" for ordinary consumers. This statement immediately sparked discussions within the industry—after all, comments from central bank executives often reflect the regulatory authorities' true attitude towards this industry.

Kashkari's viewpoint represents the traditional financial system's cautious stance on digital assets. He believes that, from a practical application perspective, cryptocurrencies have limited value in everyday consumption scenarios. While this perspective has sparked considerable controversy within the crypto community, it also serves as a reminder to the industry—that to gain broader acceptance, more effort must be put into real-world applications, rather than just hype and speculation.

Such policy signals can have a significant impact on market sentiment. The voices from regulators often drive adjustments in market expectations and can even trigger shifts in capital flows. Crypto market participants need to continuously monitor these official attitudes and their evolving stance.