Trump Considers Crypto-Backed Nominees for Key Fed Roles Amid Policy Shift

U.S. President Donald Trump is considering a high-profile cryptocurrency investor for a key position on the Federal Reserve Board of Governors, according to multiple reports. The nomination would fill the vacancy left by Adriana Kugler, whose resignation becomes effective later this week. Among the potential candidates is Kevin Hassett, the director of the National Economic Council and an economic adviser to the administration, who holds a significant stake in Coinbase Global, a major cryptocurrency exchange. Another contender is Kevin Warsh, a former Fed governor, who has publicly acknowledged the potential of blockchain technology to enhance the central bank’s payment systems [1].

The potential nomination of a crypto investor for the Fed comes amid broader efforts by the Trump administration to shape the central bank’s leadership as it moves toward the end of current Chair Jerome Powell’s term. The administration is also reportedly considering Christopher Waller, a current Fed governor, for the position of Fed chair. According to reports, Waller is viewed as a strategic choice for his relatively dovish stance on monetary policy, a shift that could influence the central bank’s approach to interest rates and inflation [2]. The market has already shown responsiveness to these developments, with the U.S. dollar rising in anticipation of a potential change in Fed leadership [3].

In parallel, Trump has nominated Stephen Miran, the chairman of the Council of Economic Advisers, for a role as a Federal Reserve governor. The nomination highlights the administration’s strategy to align the central bank with its broader economic vision [4]. Meanwhile, Trump has indicated plans to announce the new Fed chair by the end of the week, according to a recent interview on CNBC [5].

The timing of these appointments coincides with a growing debate over the regulatory treatment of digital assets. A recent White House report has called for a reassessment of federal regulations surrounding digital assets, signaling a potential shift in policy direction [6]. These moves suggest that the administration is seeking to influence both the immediate and long-term trajectory of U.S. monetary policy, with possible implications for the crypto market and broader financial stability.

As the administration finalizes its choices for the Fed’s leadership, the market remains closely attentive to how these appointments might shape monetary policy, interest rates, and the regulatory landscape for digital assets in the coming years.

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Source:

[1] Cointelegraph – [https://cointelegraph.com/news/fed-seat-picks-donald-trump-crypto](https://cointelegraph.com/news/fed-seat-picks-donald-trump-crypto)

[2] Yahoo – [https://finance.yahoo.com/news/waller-emerges-favorite-fed-chair-140834513.html](https://finance.yahoo.com/news/waller-emerges-favorite-fed-chair-140834513.html)

[3] Fidelity – [https://fixedincome.fidelity.com/ftgw/fi/FINewsArticle?id=202508071117RTRSNEWSCOMBINED_L1N3TZ0QO_1](https://fixedincome.fidelity.com/ftgw/fi/FINewsArticle?id=202508071117RTRSNEWSCOMBINED_L1N3TZ0QO_1)

[4] Investing.com – [https://ng.investing.com/news/stock-market-news/trump-to-nominate-stephen-miran-for-federal-reserve-governor-role--bloomberg-2051178](https://ng.investing.com/news/stock-market-news/trump-to-nominate-stephen-miran-for-federal-reserve-governor-role--bloomberg-2051178)

[5] FS – [https://fsinsight.com/macro-strategy/first-word/2025/08/06/president-trump-to-announce-new-fed-chair-by-end-of-week-likely-view-as-dov/](https://fsinsight.com/macro-strategy/first-word/2025/08/06/president-trump-to-announce-new-fed-chair-by-end-of-week-likely-view-as-dov/)

[6] Morrison – [https://www.mofo.com/resources/insights/250806-key-takeaways-from-the-white-house-crypto-report](https://www.mofo.com/resources/insights/250806-key-takeaways-from-the-white-house-crypto-report)