In the early hours, a podcast caused a stir in the financial world. U.S. Treasury Secretary Scott Basset bluntly stated on the All-In Podcast: "The Fed should drop its star status."

His criticism is sharp. Inflation figures shouldn't be precisely to the decimal point all the time—economies are alive, not laboratory formulas. The dot plot reveals too much, causing the market to overreact. QE policies lead to wealth disparity, losing 100 billion each year. He even said this: "The economy is more like biology, not physics—stop thinking you can control it completely."

As soon as the words were spoken, the market moved. Interestingly, while the Treasury was urging the central bank not to be a "top player", on-chain data showed that the trading volume of the decentralized stablecoin USDD reached a historical high in the past week.

This contrast is quite ironic—the Finance Minister advises the central bank to "go invisible," while a value system that has quietly operated in the background, never relying on policy hype to thrive, is instead welcoming its golden moment.

**Where are the cracks in the policy**

Besen's words are not just casual remarks. This is a challenge to the boundaries of modern central bank power.

His core logic has several points:

The first point is the inflation target. Stop clinging to the 2% figure; change it to a range of 1%-3%. Why? Because to achieve an accuracy of 0.1%, the entire market has to follow suit.

The second point is the dot matrix chart. This thing is equivalent to giving the market a spoiler alert, which in turn creates excessive expectations. Each announcement can trigger a wave of emotional fluctuations.

The third point is QE. This policy seems to save the market, but in reality, it has widened the wealth gap and resulted in losses every year.

The implication is very clear: the central bank's power is too great and its influence is too wide; it should change from a "protagonist" to a "supporting role".

**What On-Chain Data is Saying**

Interestingly, just as the discussions around this policy heated up, the decentralized finance sector has actually become more active. USDD's trading volume has reached a new high; what does this reflect?

One possibility is that the market is hedging. When the direction of central bank policy is unclear, people will look for a store of value that does not rely on central bank decisions. Decentralized stablecoins meet this need perfectly - their operating rules are transparent, the algorithms are fixed, and they will not change because of a single statement from an official.

This creates an interesting contrast: traditional finance is debating the decentralization of power, while the parallel financial system is already voting with actions.

**What will happen next**

If Besant's suggestions are indeed adopted, the Fed will express its views more cautiously and adjust policy details less frequently. This may mean more uncertainty in the market, but it also means that policy shocks will be relatively milder.

This transition is actually positive for the cryptocurrency market. The decline in central bank power means that the demand for alternative assets will rise. The value proposition of assets like USDD and ETH—independent of a single decision-maker—will become more attractive.