The Crypto Fed? Trump’s Chair Search Takes a Strange New Turn

Kevin Hassett, a former Coinbase advisor who holds over $1 million in COIN stock, has emerged as the frontrunner in the race to become the next Federal Reserve Chair under President Trump, leading prediction markets with a 56% probability. Hassett is known for advocating for rate cuts, contrasting with current Chair Jerome Powell's hawkish stance, and his ties to the crypto industry raise both hopes for supportive digital asset policy and concerns over potential conflicts of interest.

The search process is reportedly being managed by Treasury Secretary Scott Bessent, with final interviews underway. Trump has publicly criticized Powell and hinted at knowing his choice, with an announcement possibly expected before Christmas 2025. Hassett's potential appointment is viewed as strongly bullish for crypto due to his dovish monetary policy views, his past work on digital asset regulation, and his advisory role/holdings in Coinbase.

However, critics worry that his personal investments in the crypto sector could compromise impartiality regarding regulations for exchanges and stablecoins. The final decision between candidates like Hassett and the more cautious Christopher Waller will significantly influence both US monetary policy and the future regulatory landscape for digital assets.

(Source：BeInCrypto)