Trump Tanim Pro-Crypto Economist Stephen Miran to Fed Board
For August 7, President Donald Trump appoint Stephen Miran wey be Harvard trained economist com join the Fed Board as transition member till January 31, 2026. Na to fill one temporary vacancy and show political signal before dem go decide Jerome Powell successor. Miran gats pro-crypto og pro lower interest rates, say make dollar weak and crypto regulation Make e dey simple. For im previous job as senior strategist for Hudson Bay, Miran handle FTX bankruptcy claims, show say im sabi crypto well. For im short time for Fed Board, include three FOMC meetings, im fit sway market mind, as people dey expect nearly 90% chance say dem go reduce rates for September and dollar dey weak. Crypto traders don feel am: Bitcoin jump small pass $117,600 and Ether get better as CME data predict Fed go ease money policy. Even though Miran no get real legislative power, im stance dey give sign about US monetary policy and crypto control till mid-2026, wey fit keep crypto market hope up.
Bullish
Di appointment of Stephen Miran, wey be pro-crypto and soft-touch economist, don already trigger better market reaction: Bitcoin and Ether rally based on rate cut expectation and dollar weakness. For short term, im votes for like three FOMC meetings fit make expectation for lower interest rate strong wella, dey push risk asset inflow. For longer term, Miran say make crypto regulation easy and Fed get more accountability fit reduce policy wahala for digital asset. Even though e no get legislative power, im term till mid-2026 don dey give continuous bullish signal, e put traders for position to benefit from potential easing cycles and regulatory clarity.