qerranews 
A major shift may be coming to U.S. monetary policy — and it could be crypto-friendly. Kevin Hassett, a key member of Donald Trump’s digital asset working group, has reportedly emerged as the frontrunner to replace Jerome Powell as the next Federal Reserve chair. According to Bloomberg, Hassett’s backing of blockchain innovation, crypto regulation, and interest rate cuts is making waves across both financial and crypto markets.
With the Federal Reserve’s role in shaping monetary policy and market liquidity, crypto investors are watching closely. Hassett’s history and current positions signal that digital assets may soon play a larger role in Fed-level economic strategy.
Crypto-Focused Economic Vision
Kevin Hassett is not just another central banking candidate. He is currently the director of the National Economic Council and played a central role in forming Trump’s crypto working group earlier this year. The group released a digital asset policy report in July, showing a structured approach toward blockchain innovation, regulation, and national competitiveness.
Hassett has openly supported Trump’s push for interest rate cuts, aligning with the campaign’s message to stimulate markets through looser monetary policy. That stance, combined with his crypto advocacy, could position him as one of the most blockchain-friendly Fed chair nominees in U.S. history.
Strong Crypto Track Record
Hassett’s participation in the crypto space extends beyond government policy. He has confirmed ownership of over $1 million in Coinbase (COIN) stock and earned more than $50,000 for participating in Coinbase’s Academic and Regulatory Advisory Council in 2023. His previous roles include:
- Advisor at One River Digital Asset Management
- Chair of the White House Council of Economic Advisers (2017–2019)
- Contributor to Trump’s blockchain regulatory strategy
These connections imply he understands the regulatory pressures, liquidity challenges, and market structure of crypto assets — a rare quality for a candidate considered for Fed leadership.
Crypto-Friendly Fed List
Hassett is not the only contender with a crypto-forward perspective. Trump’s reported list includes names such as:
| Candidate | Crypto Stance | Position |
| Kevin Hassett | Strong crypto advocate | NEC Director |
| Chris Waller | Spoke in favor of DeFi | Fed Governor |
| Michelle Bowman | Supports staff owning crypto | Fed Vice Chair of Supervision |
These appearances strongly indicate that Trump may be building a crypto-aligned Federal Reserve — a move that could have long-term implications for adoption, regulation, and market structure.
If any of these candidates take the Fed’s leadership role, digital assets may become a normalized pillar of U.S. economic policy, rather than a speculative niche.
Interest Rate Speculation Rising
Powell’s term ends in May 2025, though he remains on the Fed Board until 2028. Markets are already speculating about potential changes, especially regarding rate cuts. The Fed has already cut interest rates twice this year — totaling 50 basis points — and CME’s FedWatch tool shows an 85% chance of another rate cut in December.
Hassett aligns with Trump’s stated preference for pro-growth, rate-cutting monetary policy, which could boost liquidity — especially across risk-on assets like Bitcoin, Ethereum, and altcoins.
Crypto markets respond strongly to Fed policy shifts, and an accommodative stance could trigger a new wave of institutional participation.
What a Hassett-Led Fed Could Mean
If Hassett becomes Fed chair, several potential transformations may emerge:
1. Increased Blockchain Research
The Federal Reserve may formally explore CBDCs, tokenized assets, and programmable monetary tools.
2. Clearer Crypto Regulation
A structured roadmap could replace current fragmented regulations, with more industry input.
3. Stronger Institutional Adoption
Clarity from the Fed may encourage banks, pension funds, and large asset managers to allocate more to digital assets.
4. Global Competition
The U.S. may begin acting more aggressively to stay competitive with Europe, China, and Dubai’s regulatory frameworks.
In short, a pro-crypto Fed could reshape how capital moves, how risk is priced, and how digital assets integrate into the broader financial system.
Market Outlook Ahead
Hassett’s recent comments on Fox News — stating he would accept a Fed chair role if offered — added fuel to speculation. His statement, “I want to serve my country and my president,” signals his willingness to step into the most influential economic role in the United States.
As political momentum builds, markets may react ahead of time, especially if crypto policy becomes a campaign narrative heading into 2025. Traders are already preparing for potential shifts in regulation, liquidity, and institutional adoption.
A major question remains:
Will the next Federal Reserve chair push blockchain into the core of American economic policy?
The answer may be closer than expected — and the crypto world is watching.