PANews reported on August 28 that, according to CNBC, the Trump administration is considering at least 11 candidates to replace the current Federal Reserve Chairman Powell, among whom at least three have publicly expressed a positive attitude towards cryptocurrency.
U.S. Treasury Secretary Scott Bessent recently stated that these candidates include Dallas Fed President Lorie Logan, former St. Louis Fed President James Bullard, Federal Reserve Vice Chairman Philip Jefferson, Federal Reserve Governor Chris Waller, Deputy Regulatory Chairman Michelle Bowman, and former Federal Reserve Governor Larry Lindsey. Additionally, there are Bush administration economic advisor Marc Sumerlin, Jefferies Chief Market Strategist David Zervos, and BlackRock Global Fixed Income Chief Investment Officer Rick Rieder.
Among them, Jefferies is closely linked to the cryptocurrency field, having supported the public listings of crypto-related companies such as eToro and Circle Internet Group, and invested early in Michael Saylor's Bitcoin plan. BlackRock's Rieder also holds a positive attitude towards cryptocurrency, having stated that Bitcoin could become an important part of asset allocation and believes that cryptocurrency 'will exist for a long time.'
In addition, Federal Reserve candidates Waller and Bowman have recently shown an open attitude towards cryptocurrency. Bowman suggested that Federal Reserve employees could invest small amounts in cryptocurrency to better understand the technology, while Waller believes that the banking industry should not fear cryptocurrency payment technology.
In contrast, current Chairman Powell has a more cautious attitude towards cryptocurrency, having stated that Bitcoin is more like a competitor to gold rather than a substitute for the dollar.