Trump's Next Fed Chair Pick Could Shake Up Crypto Policy
President Trump told reporters on June 6 that his pick for the next Federal Reserve Chair will be announced "very soon." While no name has been confirmed, rumors suggest pro-gold economist Judy Shelton and current Fed governor Christopher Waller are among the top contenders.$TRUMP
The Federal Reserve plays a major role in shaping U.S. monetary and fiscal policy-and its stance on crypto regulation. Trump's selection could tilt future decisions on stablecoins, interest rates, CBDC development, and more.
Bitcoin and Ethereum saw brief dips-1.2% and 0.9%, respectively-before regaining ground. Traders are watching closely for signs of a shift in the Fed's monetary stance.
A pro-crypto Fed Chair could usher in broader regulatory acceptance-or challenge existing frameworks altogether. The announcement could come within days and will likely have ripple effects across both TradFi and DeFi.