The Fed Chair 2025 position could alter cryptocurrency's positioning within the U.S. financial system, with three candidates viewed as friendly to cryptocurrency and a list of 11 individuals under consideration.
This event occurs as Jerome Powell's term ends in May 2025; the power of the White House and the Fed may shift towards promoting cryptocurrency acceptance if the new head agrees.
MAIN CONTENT
11 candidates for the Fed Chair 2025 have been confirmed and are under consideration.
At least three candidates — Rick Rieder, Chris Waller, Michelle Bowman — are assessed as friendly to cryptocurrency.
Tensions between the White House and the Fed and personnel issues may affect policy independence and the speed of cryptocurrency acceptance.
Who is on the candidate list for the Fed Chair 2025?
There are 11 confirmed candidates being vetted for the Fed Chair position; the list includes many Fed leaders and experienced financial experts.
Confirmed names mentioned include Lorie Logan, James Bullard, Philip Jefferson, Chris Waller, Michelle Bowman, Marc Sumerlin, David Zervos, Rick Rieder among others. The selection occurs in the context of monetary policy and views on cryptocurrency being carefully considered.
"11 very strong candidates are being vetted for the Fed’s top job."
– Scott Bessent, Treasury Secretary, 13/08/2025, CNBC
Which candidates are considered friendly to cryptocurrency and what are the specific indicators?
At least three prominent candidates are described as pro-cryptocurrency: Rick Rieder, Chris Waller, and Michelle Bowman; their views differ from the previous cautious approach.
Rick Rieder is noted for supporting the view that Bitcoin could become a core allocation for institutions; Chris Waller has said banks "don’t need to be afraid" of cryptocurrency payments; Michelle Bowman suggested Fed employees should be allowed to hold a small amount of cryptocurrency to better understand the market.
What does Rick Rieder's mention mean for the cryptocurrency market?
Rieder, in his role at BlackRock, regularly expresses pro-cryptocurrency views; his presence on the list could be interpreted as a sign of support for broader acceptance.
BlackRock manages the largest ETFs for Bitcoin and Ethereum; if someone with Rieder's views leads the Fed, it could be a strong signal to institutional investors about the potential integration of cryptocurrency into mainstream portfolios.
What did Chris Waller and Michelle Bowman say about cryptocurrency?
Both of these Fed governors have publicly expressed relatively open views: Bowman suggested Fed employees engage directly by holding a small amount of cryptocurrency; Waller affirmed that the banking system need not "fear" cryptocurrency payments.
These statements highlight a shift in internal perspectives at the Fed compared to Jerome Powell's cautious approach, indicating a new mindset about financial innovation and risk management responsibilities.
What is David Zervos's connection between Wall Street and the cryptocurrency industry?
David Zervos of Jefferies is described as having ties to the cryptocurrency industry through support and relationships with cryptocurrency platforms and project developers.
Jefferies has previously supported Circle, eToro, and Bullish Exchange, while also backing Bitcoin initiatives led by Michael Saylor. This reflects a convergence trend between traditional finance and the cryptocurrency ecosystem on Wall Street.
What could the current conflict between the White House and the Fed lead to?
The controversy surrounding Fed Governor Lisa Cook, with allegations of mortgage fraud and pressure from the White House, raises concerns about the independence of the Central Bank.
Cook refused to resign despite calls and threats of dismissal from the President; in the context of Powell's term ending, political pressure could increase the likelihood of policy changes, including approaches to cryptocurrency.
Frequently Asked Questions
How does the change in Fed Chair affect cryptocurrency prices?
Leadership changes may affect liquidity and market expectations; a more dovish Fed typically increases liquidity and tends to raise the demand for risk assets like Bitcoin.
Is Rick Rieder a strong advocate for cryptocurrency?
Rieder is described as a supporter, believing that Bitcoin "is here to stay" and could become an institutional allocation; this aligns with his role at BlackRock, which manages large Bitcoin and Ethereum ETFs.
What specific policies have Chris Waller and Michelle Bowman proposed?
Bowman suggested that Fed employees should be allowed to hold a small amount of cryptocurrency to grasp the technology; Waller emphasized that banks need not fear cryptocurrency payments, encouraging experimentation.
Which cryptocurrency companies is David Zervos associated with?
Zervos and Jefferies are noted to have relationships with Circle, eToro, and Bullish Exchange, reflecting the connection between some traditional financial institutions and cryptocurrency platforms.
Does the White House–Fed confrontation risk affecting policy independence?
Tensions surrounding personnel issues and threats of dismissal raise questions about the Fed's independence; this development could shape both monetary policy and approaches to cryptocurrency.
Source: https://tintucbitcoin.com/ung-vien-ke-nhiem-chu-tich-fed/
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