Bitcoin News Today: Trump Nominates Pro-Crypto Miran for Temporary Fed Governor Role

President Trump has nominated Stephen Miran, the current Chair of the Council of Economic Advisers, to serve as a Federal Reserve Board governor, filling the vacancy left by Adriana Kugler [2]. The appointment, announced on August 5, 2025, is intended to be temporary, with Miran expected to serve until January 31, 2026, pending Senate confirmation [6]. The nomination was first reported by Cryptonews on July 14, 2025, and has since been confirmed by outlets such as Reuters, MarketWatch, and Investing.com [1][2][3][4].

Miran is known for his pro-growth economic policies and his vocal support for Bitcoin and digital assets [1]. His nomination marks a departure from the previous administration’s more cautious stance toward cryptocurrency and signals a potential shift in the Federal Reserve’s approach to digital monetary innovations [5]. At the time of the announcement, Bitcoin had surged past $117,000, adding further context to the timing of the nomination [1].

As a senior economic adviser, Miran has played a key role in shaping policy discussions on inflation, economic recovery, and fiscal strategy. His experience and alignment with Trump’s economic agenda make him a strategic choice for the Federal Reserve Board, particularly in light of growing pressure on the institution to adapt to evolving financial technologies [6]. The timing of the nomination, less than a year before the 2026 mid-term elections, has led some analysts to suggest that it is a calculated move to ensure continuity in economic leadership during a pivotal period [7].

Miran’s nomination has also sparked interest in financial markets, especially among cryptocurrency investors. While the Federal Reserve has historically maintained a hands-off approach to digital assets, Miran’s pro-crypto perspective could encourage broader discussions about the role of decentralized finance in the U.S. monetary system [5]. Traders are closely monitoring the Senate’s response to the nomination, as confirmation could influence market sentiment and policy expectations [1].

The broader economic and financial landscape has seen heightened interest in digital assets, with Bitcoin reaching record highs and regulators across the globe engaging more actively in crypto policy discussions. Miran’s nomination reflects the growing influence of cryptocurrency in mainstream economic conversations. However, the extent to which his views will impact the Federal Reserve’s consensus-driven decision-making remains uncertain [5].

The Senate Banking Committee, led by Chairman Tim Scott, has acknowledged Miran’s qualifications and expressed support for expediting the confirmation process [1]. Scott highlighted Miran’s experience and his contributions to economic policy, indicating that the nomination is being taken seriously within legislative circles [1].

Overall, Miran’s nomination underscores the evolving relationship between economic policy and digital finance. While the Federal Reserve has yet to indicate how his views may affect its upcoming decisions, the appointment has already drawn significant attention from market participants, policymakers, and the cryptocurrency community [5]. The final outcome will depend on Senate approval and the broader direction of U.S. economic policy in the coming months.

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Source:

[1] Cryptonews - Trump Taps Pro-Crypto Miran for Fed Board Through 2026 as Bitcoin Reclaims $117K

https://cryptonews.com/news/trump-taps-pro-crypto-miran-for-fed-board-through-2026-as-bitcoin-reclaims-117k/

[2] Reuters - Trump picks Stephen Miran to fill open spot on Fed board

https://finance.yahoo.com/news/instant-view-trump-picks-stephen-205104474.html

[3] MarketWatch - Miran tapped by Trump for Fed governor post. Why 'he's...

https://www.marketwatch.com/story/miran-tapped-by-trump-for-fed-governor-post-but-its-just-temporary-heres-why-39d87e56

[4] Investing.com - Trump to nominate CEA Chair Miran for Fed governor role

https://www.investing.com/news/stock-market-news/trump-to-nominate-stephen-miran-for-federal-reserve-governor-role--bloomberg-4178124

[5] AInvest - Bitcoin News Today: Trump to Nominate Temporary Fed...

https://www.ainvest.com/news/bitcoin-news-today-trump-nominate-temporary-fed-governor-pro-crypto-stance-2508/

[6] TipRanks - Trump appoints Stephen Miran to open Fed board seat

https://www.tipranks.com/news/the-fly/trump-appoints-stephen-miran-to-open-fed-board-seat-thefly

[7] Seeking Alpha - Trump nominates adviser Miran for 4-month Fed governor...

https://seekingalpha.com/news/4481727-trump-set-to-nominate-adviser-miran-for-4-month-fed-governor-term---report