The White House enters the final stage to define who will lead the Federal Reserve (FED) in the coming years. The name that gains the most weight in Washington is that of Kevin Hassett, current director of the National Economic Council and a supporter of bitcoin (BTC) and cryptocurrencies.
According to advisors close to Donald Trump reported to the local press, the economist became the main candidate as president of the central bank to replace Jerome Powell.
Hassett generates particular interest in the markets because, in addition to coinciding with the economic vision of the current US president, he maintains a much more open stance towards the cryptoasset industry than other candidates. In recent months, he led an analysis group on digital assets in the White House, from which he promoted a report with proposals to organize the sector.
That document, as reported by CriptoNoticias, included recommendations on banking regulation, cryptocurrency reserves, tax treatment, stablecoins and controls against illicit operations. Additionally, in a June public presentation, Hassett confirmed who has a significant investment in Coinbase, amounting to at least one million dollars (USD).
Although the White House avoids talking about a preference, it admits that The election process has already entered the summit stage. Trump himself fueled the expectation by stating that he has already decided on his candidate.
The Secretary of the Treasury of the United States, Scott Bessent, anticipated that the announcement could be known before Christmas. However, presidential spokesperson Karoline Leavitt stressed that nothing is decided until the president himself confirms it: “No one knows what Trump will do until he does it.” assured.
The dispute for the presidency of the FED has accelerated since the summer, after the Treasury interviewed almost a dozen applicants. That group was reduced to five finalists..
These are, in addition to Hassett, former official Kevin Warsh, current Governor Christopher Waller, Vice President of Supervision Michelle Bowman and Rick Rieder, BlackRock executive. The last meetings with senior White House officials are scheduled for this week.