🚨 Bitcoin Breaks $117K as Trump Nominates Pro-Crypto Adviser to Fed Board 🚨
The crypto market got a bullish boost after U.S. President Donald Trump nominated Stephen Miran — a known advocate for digital assets — to a temporary seat on the Federal Reserve Board.
🔹 Who is Stephen Miran?
=Current Chair of the Council of Economic
Advisers
=Harvard Ph.D. in Economics
=Former Wall Street & U.S. Treasury official
=Strong supporter of lighter regulations to fuel
innovation in crypto and beyond
🔹 Why the Market Reacted
Miran has long argued that overregulation stifles innovation, drawing parallels to how companies like Uber and Airbnb thrived by challenging outdated rules. His pro-crypto stance contrasts sharply with the SEC’s more restrictive approach.
🔹 Market Impact
◇Bitcoin jumped 2%+, breaking $117,000
◇Ethereum also saw solid gains
◇Gold briefly spiked to $3,401, reflecting
broader market shifts
🔹 What’s Next?
If confirmed by the Senate, Miran’s term runs until January 31, 2026. He could influence Fed policy on interest rates and play a pivotal role in integrating digital assets into the U.S. financial framework.
📊 Why It Matters for Crypto
A pro-innovation voice on the Fed could open doors for friendlier crypto regulations and greater mainstream adoption — but it also raises questions about the Fed’s political independence.
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