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The Crypto Community’s Most Likely Candidates to Replace Jerome Powell as Fed Chair
As we near the end of Jerome Powell’s tenure as Federal Reserve Chair, whispers of a crypto-friendly candidate taking over are growing louder. In an unprecedented move, President Trump has hinted that the next Fed chair will come from Wall Street – and the implications for crypto are immense.
The race to replace Powell is heating up, with market analysts pointing fingers at three top contenders: Kevin Hassett, Kevin Warsh, and Christopher Waller. While no one knows what the outcome will be, we can predict who’s most likely to take the reins at the Federal Reserve.
Kevin Hassett, a former director of the NEC under Trump, is emerging as the front-runner in this race. His connections to the crypto space are undeniable – he has a $1 million stake in Coinbase and serves as an advisor. This suggests familiarity with the digital asset landscape and potential support for regulatory reforms that foster growth.
Warsh, on the other hand, may not be Trump’s top choice due to his stance on central bank digital currencies (CBDCs). Although he invested in Basis, a stablecoin project, and Bitwise, a crypto index fund manager, Warsh’s views on CBDCs could pose an issue. As Trump has consistently opposed centralized digital assets, Warsh’s position may harm his chances of becoming the next Fed chair.
Waller, a career academic and economist with experience as a research director at the Federal Reserve Bank of St. Louis, is unlikely to become the next head of the Federal Reserve due to his background in traditional economics. While he doesn’t have any direct ties to crypto, Waller’s reputation within academia may not align with Trump’s ideology.
In conclusion, it appears Hassett has taken an early lead as the most likely candidate to replace Jerome Powell. His involvement in Coinbase and advisory role could potentially sway Trump’s decision. However, only time will tell if this is a viable prediction or not.
The crypto community eagerly awaits further developments on this matter, while also keeping an eye out for potential candidates who may align with their interests.
Source: www.coinspeaker.com
