08.08.2025 06:43

President Donald Trump's nomination of Stephen Miran to fill a vacant seat on the Federal Reserve's board of governors has sent ripples through the financial world. The White House announcement revealed that Miran, known for his outspoken pro-cryptocurrency stance, is Trump's preferred candidate. This appointment, following Miran's previous role as Chairman of the Council of Economic Advisers, signals a potential shift in US economic policy towards greater cryptocurrency integration.

Miran's appointment marks a significant divergence from the Biden administration's perceived anti-cryptocurrency policies. His past pronouncements on the subject highlight his belief in the transformative potential of digital assets. He has explicitly stated that cryptocurrencies could significantly fuel innovation and contribute to economic growth, potentially mirroring the economic successes of a previous Trump administration. Market observers are closely scrutinizing this development, anticipating its impact on the financial landscape.

Trump himself confirmed the selection in a statement, announcing Miran's appointment to the Federal Reserve until January 31, 2026. While the appointment is temporary, the President has indicated that a search for a permanent replacement will continue. This temporary appointment, however, is still considered a strong indication of Trump's ongoing support for cryptocurrency integration into the US economy. His choice of Miran underscores a clear pro-cryptocurrency sentiment within the Trump administration.

The news has been widely reported across various internet sources. This significant development suggests that a future Trump presidency might prioritize the adoption and regulation of cryptocurrency technologies, contrasting sharply with previous approaches. It remains to be seen how Miran's influence will shape the Federal Reserve's approach to digital assets and the broader financial ecosystem. *This is not investment advice.*