🚨President Trump Nominates Bitcoin Supporter to Federal Reserve Board🚨
President Donald Trump announced on Friday the nomination of Stephen Miran, a pro-bitcoin economist and Chair of the White House Council of Economic Advisers, to fill a temporary seat on the Federal Reserve Board of Governors. This announcement replaces Adriana Kugler, who resigned earlier, and sparked a significant reaction among crypto investors. A tweet from @pete_rizzo_ on The Bitcoin His mentioned that Miran wants bitcoin to have a "meaningful role" in US monetary policy, with over 532 thousand views.
Miran, Ph.D. from Harvard, is known as the architect of Trump’s tariff policy and a supporter of low interest rates. This nomination reflects Trump’s tensions with Fed Chair Jerome Powell, who has been criticized for a 4.3% interest rate policy. Bitcoin’s price rose 5% following the announcement, reaching $70,000, although economists questioned its real impact.
The crypto community is excited, but Senator Elizabeth Warren called Miran a "Trump loyalist" threatening the Fed's independence. The confirmation process in the Senate, which requires bipartisan support, will determine his fate. If accepted, Miran will serve until January 31, 2026, with the opportunity to influence future discussions on digital assets.
The market will be watching the Fed meeting on September 16-17. This nomination could be a first step towards monetary change, though significant political and technical challenges remain.
