The announcement was revealed by the official account of the Trump 47 White House on X. Stephen Miran is currently the chairman of the Council of Economic Advisers.
He holds a Ph.D. in Economics from Harvard University. Donald Trump praised his performance during both terms, calling his economic experience "unmatched."
Trump stated that Miran had played a prominent role during his first term and had remained by his side during the current one. "He will do an exceptional job," declared Donald Trump.
However, the appointment also attracted the attention of cryptocurrency analysts. Matthew Sigel, head of Digital Assets Research at VanEck, highlighted an old post by Miran. "What a shame I couldn't close my short positions in those Bitcoin ETFs before they all got liquidated," Miran posted at that time.
This tweet indicates that Miran would prefer cryptocurrency investment products and understands the dynamics of this market. Before heading the Treasury and the White House, Miran held various positions, contributing to financial regulation and economic strategy.
His views on market liberalization and digital assets are expected to influence monetary policy if his permanent appointment is confirmed. The temporary appointment gives the Donald Trump administration more time to consider a long-term successor while maintaining its influence over monetary policy.
At the same time, Trump's advisers are considering another change at the top of the Federal Reserve. Governor Christopher Waller has emerged as the favorite candidate to replace Jerome Powell as chairman of the Fed.
This nomination comes after a wave of signals in favor of cryptocurrencies from the Donald Trump administration. Previously, Trump signed executive orders allowing 401(k) plans to include cryptocurrencies and prohibiting ideological de-banking.
Miran's joining the Fed comes in a context of growing interest in the role of digital assets in monetary systems. His previous statement about the Bitcoin ETF could influence public expectations regarding his stance on cryptocurrency regulation.
The nomination is pending formal review. Until then, Stephen Miran will represent Donald Trump's political direction on the Federal Reserve Board.
