- Trump nominates economist Stephen Miran to Federal Reserve Board.
- Temporary appointment impacts market expectations for monetary policy.
- Potential influence on BTC and ETH prices from policy adjustments.
President Donald Trump has nominated pro-growth economist Stephen Miran to a temporary position on the Federal Reserve Board, with the announcement made on Truth Social.
Miran’s nomination could influence market expectations for U.S. monetary policy, potentially affecting cryptocurrencies like BTC and ETH as market participants monitor for signals of less restrictive policies.
President Trump has nominated Stephen Miran to the Federal Reserve Board, filling a temporary vacancy. Miran, an economist with a pro-growth stance, currently chairs the Council of Economic Advisers and served as a senior adviser at the U.S. Treasury.
Stephen Miran’s appointment is set to last until January 31, 2026. He is known for his role in economic policy during Trump’s first term. The nomination has garnered support from Senate Banking Committee Chairman Tim Scott, urging a swift confirmation.
The nomination may impact market expectations for monetary policy, specifically regarding interest rate policies. While no direct link to pro-Bitcoin advocacy has been established, Bitcoin and Ethereum prices could react to any indications of less restrictive policies.
No official financial announcements accompany the nomination. However, traders are attentive to potential shifts in Federal Reserve monetary direction. Cryptocurrencies such as BTC and ETH are often responsive to changes in U.S. monetary policy.
This appointment may influence broader markets, with implications for crypto assets. Historical data suggests pro-easing policies could lead to short-term price upticks in cryptocurrencies, although causality remains debated among market participants.
Past Federal Reserve appointments signaling dovish policy have correlated with crypto rallies. Any policy moves under Miran could similarly affect macro-sensitive cryptocurrencies, though evidence directly linking Miran to specific Bitcoin advocacy is absent.
