The Crypto Fed? Trump’s Chair Search Takes a Strange New Turn
Kevin Hassett, a former Coinbase advisor who holds over $1 million in COIN inventory, leads the Federal Reserve Chair race with a 56% nomination chance on prediction markets.
As Trump’s criticism of Jerome Powell grows, closing interviews are underway by Treasury Secretary Scott Bessent.
Hassett Emerges as Frontrunner Amid Volatile Prediction Markets
Kalshi prediction markets at the moment give Kevin Hassett a 55% chance of nomination for the position of Federal Reserve Chair. This represents a 15% enhance within the final 24 hours, inserting him properly above Christopher Waller (20%) and Kevin Warsh (15%).
As the previous chair of the Council of Economic Advisers, Hassett is understood for advocating rate cuts and sustaining direct ties to the crypto business.
Coinbase officially announced its Global Advisory Council in late November 2025, confirming Hassett’s place.
The Council helps information the corporate’s engagement with world regulators, illustrating the rising relationship between crypto companies and policymakers.
As a Distinguished Visiting Fellow on the Hoover Institution, Hassett has promoted a extra accommodative financial coverage by 2024 and 2025. Therefore, his sturdy pro-rate lower method units him aside from the hawkish stance under current Fed Chair Jerome Powell.
However, Hassett’s expertise as a Coinbase advisor and his substantial holdings of COIN stock create a direct hyperlink to the crypto sector.
This raises each considerations about potential conflicts of curiosity and hopes for a shift within the Fed’s method to digital belongings.
Meanwhile, President Trump has amplified his public criticism of Jerome Powell whereas the seek for a new Fed chair continues. In a current Oval Office session, Trump shared his frustrations with Powell’s management.
Final interviews for the new Chair are ongoing, led by Treasury Secretary Scott Bessent. Trump hinted at having a preferred candidate but has kept details private, reportedly to gauge how markets respond to speculation.
Jerome Powell’s current term runs until May 2026, giving Trump limited time for change. While the team notes that Trump’s choices can be unpredictable, speculation continues to mount ahead of an expected announcement before Christmas 2025.
Implications for Crypto Policy and Market Dynamics
If appointed, Hassett could bring an unprecedented level of crypto support to the Federal Reserve. His role as a Coinbase advisor and investor places him in a unique position among contenders.
These connections could impact policy on digital asset regulation, central bank digital currencies (CBDCs), and integration of crypto into traditional finance (TradFi).
“If Kevin Hassett turns into Fed Chair, the implications for crypto are strongly bullish. 1. Aggressive “dove” who has publicly criticized present charges for being too high and advocated for deeper, sooner cuts. 2. Led the White House digital asset working group to form pro-crypto regulation. 3. Served on Coinbase’s advisory board and owns a massive stake in COIN,” said Juan Leon, Senior Investment Strategist at Bitwise.
The market broadly expects that a dovish and crypto-experienced Chair may enhance institutional acceptance and regulatory transparency.
Some critics fear that Hassett’s crypto holdings may create conflicts of curiosity in insurance policies affecting digital belongings.
The Fed holds vital affect over banking and laws for cryptocurrency exchanges and stablecoin issuers. Therefore, scrutiny shall be high if a Chair with private investments within the business takes workplace.
The distinction between Hassett and contender Christopher Waller alerts two totally different paths for financial coverage and crypto regulation. Waller represents coverage stability and warning relating to expertise, whereas Hassett’s candidacy factors to extra assist for innovation and cryptocurrency development.
The choice will form not solely rates of interest, but additionally the Fed’s stance on new applied sciences. As the December announcement nears, each monetary and crypto markets are alert for adjustments in US financial coverage and digital asset regulation.
The submit The Crypto Fed? Trump’s Chair Search Takes a Strange New Turn appeared first on BeInCrypto.
