Fed Chair Hopeful Hassett Faces Scrutiny Over Crypto Ties
Kevin Hassett, a leading candidate for US Federal Reserve Chair, is drawing scrutiny over his crypto ties. As Director of the White House National Economic Council, Hassett sits on the digital asset market working group and discloses $1–5 million in Coinbase stock. These crypto ties fuel debates on the Fed’s regulatory environment for digital currencies if Hassett becomes Fed Chair. Other contenders include Governor Christopher Waller and former official Kevin Warsh. President Trump’s displeasure with Jerome Powell’s stance on interest rate cuts adds political uncertainty to the Fed Chair selection. A crypto-friendly Fed Chair could accelerate regulatory clarity and institutional adoption of digital assets. Short-term, traders may see increased volatility, while long-term market stability could benefit from clearer crypto policy. Monitor this development as it may drive bullish momentum in major coins.
Bullish
Kevin Hassett’s crypto ties and significant Coinbase investment suggest he would steer the Fed toward clearer digital currency regulation. A crypto-friendly Fed Chair could accelerate institutional adoption and reduce regulatory uncertainty, fostering higher demand for crypto assets. Historically, markets responded positively to pro-crypto signals, such as the 2020 US regulatory guidance. In the short term, traders might see volatility as the nomination process unfolds. In the long term, clearer crypto regulations and policy support could underpin sustained bullish momentum across major cryptocurrencies.