[Federal Reserve Governor Waller: The Cryptocurrency Craze Sparked by Trump May Be Fading] Golden Finance reports that Federal Reserve Governor Christopher Waller stated that as the wave of sell-offs hits the cryptocurrency market, the optimism that drove the market's rise following the election of U.S. President Donald Trump may now be fading. Speaking at a conference in California on Monday, Waller said: 'With the current administration taking office, there has been some frenzy in the cryptocurrency world, and part of it is gradually fading.' The Federal Reserve Governor noted that fluctuations in the cryptocurrency market are common, and recent volatility may be driven by regulatory uncertainty and actions taken by major financial firms for risk management purposes. He said: 'I think a lot of the reasons for the sell-offs are due to companies entering from the mainstream financial sector having to adjust their risk positions, sell off, and many other factors.'