Fed Vice Chair Michelle Bowman among other pro-crypto candidates to lead the Federal Reserve
Five candidates, including crypto-supportive Vice Chair Michelle Bowman, are being considered to lead the Federal Reserve next year.Summary
Federal Reserve Vice Chair for Supervision Michelle Bowman, who is known for her pro-crypto stance, is one of five candidates being considered by Treasury Secretary Scott Bessent to lead the central bank when current Chair Jerome Powell's term ends next year. The other candidates on the list include former Fed governor Kevin Warsh, National Economic Council Director Kevin Hassett, Fed governor Chris Waller, and BlackRock CIO Rick Rieder. Bessent will reportedly interview these candidates before sending a pared-down list to President Donald Trump for nomination. The article notes recent tensions at the Fed, including Trump's criticism of Powell and an attempt to fire Governor Lisa Cook. Several of the candidates have shown favorable views toward cryptocurrency: Bowman has advocated for regulators to embrace new technologies, Waller signaled a shift toward embracing crypto, Rieder has discussed Bitcoin, and Hassett disclosed a significant stake in Coinbase.
(Source：The Block)