Bitcoin News Today: Trump to Nominate Temporary Fed Governor with Pro-Crypto Stance

President Donald Trump is reportedly preparing to name a temporary member to the Federal Reserve’s Board of Governors to fill a soon-to-be vacant seat, as part of a broader strategy to shape the central bank’s future direction. Among the individuals under consideration is Stephen Miran, a pro-cryptocurrency advocate who previously served as a Trump appointee to the Commodity Futures Trading Commission and the Council of Economic Advisers. Miran has consistently emphasized the role of digital assets like Bitcoin in driving economic innovation and potentially fueling another economic boom under a potential second Trump administration [1].

Miran’s potential nomination marks a significant departure from the previous Biden administration’s more cautious approach toward cryptocurrencies. His appointment would signal a shift in the Fed’s stance, potentially opening the door to more accommodating or experimental policies toward digital assets. In past remarks, Miran stated that “crypto could have a big role in driving innovation and kickstarting another Trump administration economic boom,” underscoring his bullish perspective on the sector [3].

Alongside Miran’s consideration for a temporary position, Christopher Waller is emerging as a leading candidate for the permanent role of Fed Chair. Waller, appointed to the Fed board by Trump in 2020, is favored for his analytical approach and policy decisions based on forecasting rather than current data [4]. He has also indicated that he would accept the chairmanship if offered, further solidifying his position as a top contender [5].

Trump’s strategy of naming a temporary nominee reflects a broader effort to maintain influence over the Fed’s composition while the search for a permanent replacement for Jerome Powell continues. The president recently stated he would likely nominate a temporary governor to fill the vacancy, reinforcing his tendency to assert control over key economic institutions. This approach aligns with his broader economic vision, which includes a more deregulatory and business-friendly stance.

The potential appointment of Miran and the consideration of Waller highlight a broader debate within the administration and the financial sector regarding the Fed’s role in regulating the digital asset ecosystem. While Waller is seen as a more traditional choice with strong institutional experience, Miran’s pro-cryptocurrency views suggest a potentially more open approach to emerging technologies.

Analysts have noted that Trump’s influence—whether through personnel changes or policy expectations—may have delayed effects, with the consequences of these moves becoming more apparent over time [6]. As the timeline for finalizing the nominations draws closer, market participants and policy observers are closely watching how these developments will shape the Fed’s evolving role in the digital economy, particularly with regard to Bitcoin and other cryptocurrencies.

Sources:

[1] Bitcoin - https://en.bitcoinsistemi.com/breaking-donald-trumps-choice-for-vacant-seat-on-the-fed-has-been-revealed-here-are-his-views-on-bitcoin/

[3] FastBull - https://www.fastbull.com/news-detail/trump-says-hell-likely-name-temporary-fed-governor-4338613_0

[4] Bloomberg.com - https://www.bloomberg.com/news/articles/2025-08-07/waller-emerges-as-favorite-for-fed-chair-among-trump-team

[5] FastBull - https://www.fastbull.com/news-detail/waller-is-favorite-for-fed-chair-among-trump-4338776_0

[6] Yahoo.com - https://www.yahoo.com/news/articles/former-acting-director-fbi-other-164919172.html