Bitcoin News Today: Trump nominates pro-crypto Miran as temporary Fed governor through 2026

President Donald Trump has nominated Stephen Miran, a pro-crypto economic advisor, to serve as a temporary member of the Federal Reserve Board. Miran will hold the position until January 31, 2026, filling the vacancy left by Adriana Kugler. The announcement was made via the official Trump 47 White House account on X, signaling another step in the administration’s efforts to align Federal Reserve policies with its economic and digital asset agenda [2].

Miran is currently the chairman of the Council of Economic Advisers and holds a Ph.D. in Economics from Harvard University. He has served as a key economic strategist for Trump since his first term and is described by the president as possessing “unparalleled” expertise. Trump expressed confidence in Miran’s ability to lead as a Fed governor, citing his extensive experience and contributions during both presidential administrations [2].

Miran’s nomination has drawn attention due to his public advocacy for cryptocurrency. His favorable stance is evident in past comments, including a 2024 tweet dismissing bearish predictions about Bitcoin ETFs. Matthew Sigel, Head of Digital Assets Research at VanEck, noted the tweet as reflective of Miran’s pro-crypto perspective and market-savvy outlook [2].

This move is part of a larger effort by the Trump administration to influence Federal Reserve policies. Earlier this year, Trump signed executive orders allowing 401(k) retirement accounts to include cryptocurrency and banning ideological debanking practices. These actions demonstrate a growing emphasis on integrating digital assets into mainstream financial systems [2].

While Miran’s nomination must undergo formal review, his temporary appointment ensures continuity in the administration’s policy direction at the Fed. His background in economic strategy and financial regulation positions him to shape regulatory approaches to digital assets, should his appointment be made permanent [2].

Miran’s potential influence on the Fed could extend beyond cryptocurrency. His advocacy for reciprocal tariffs aligns with Trump’s broader economic agenda, suggesting potential shifts in trade and regulatory policies as well [4].

Stephen Miran’s nomination underscores the administration’s intent to incorporate crypto-friendly policies into the Federal Reserve’s framework. His academic credentials, public statements, and policy contributions make him a strategic choice to represent Trump’s economic priorities on the Fed Board [2].

Source:

[1] https://www.tradingview.com/news/cryptonews:c3561fad5094b:0-trump-taps-pro-crypto-miran-for-fed-board-through-2026-as-bitcoin-reclaims-117k/

[2] https://coingape.com/donald-trump-nominates-pro-bitcoin-miran-as-fed-governor/

[3] https://www.ainvest.com/news/bitcoin-news-today-trump-nominates-pro-crypto-miran-temporary-fed-governor-role-2508/

[4] https://www.timesnownews.com/world/us/us-news/who-is-stephen-miran-trumps-pick-to-fill-vacant-federal-reserve-governor-seat-article-152428231