Fed's Waller: Trump-induced crypto rally losing steam, euphoria fading

• Federal Reserve Governor Christopher Waller states optimism in crypto markets post-Trump election is fading.
• Waller notes renewed turbulence in digital assets, with Bitcoin sharply retreating from recent highs.
• He suggests recent weakness reflects cooling post-election enthusiasm and failure to pass the "Clarity Act."
• Waller emphasizes boom-and-bust cycles are inherent to crypto, calling them "winters."
• Crypto's deeper integration with mainstream finance amplifies price swings, leading to risk adjustments and selloffs.