Trump's shortlist for Federal Reserve chair includes 11 people, three of whom are open to cryptocurrencies

On Wednesday, Treasury Secretary Scott Bessent said there were 11 "strong candidates" running for the Fed chairpersonship and that he would begin vetting and shortlisting them next month. The list of candidates includes Dallas Federal Reserve Bank President Lorie Logan, former St. Louis Federal Reserve Bank President James Bullard, Federal Reserve Vice Chair Philip Jefferson, Federal Reserve Governor Chris Waller, Federal Reserve Vice Chair of Supervision Michelle Bowman, and former Federal Reserve Governor Larry Lindsey.
Among them, Jefferies has close ties to the cryptocurrency space, having supported the listing of crypto-related companies such as e Toro and Circle Internet Group, and invested in Michael Saylor's bitcoin plan in the early stage. BlackRock's Rieder is positive about cryptocurrencies, having said that bitcoin could become an important part of asset allocation, and believes that cryptocurrencies are "here to stay". In addition, Federal Reserve candidates Waller and Bowman have also recently expressed an open attitude towards cryptocurrencies. Bowman suggested that Fed employees can invest in cryptocurrencies in a small amount to better understand the technology, while Waller believes that the banking industry does not need to be afraid of crypto payment technology.
In contrast, current Chairperson Powell has been more cautious about cryptocurrencies, having said that bitcoin is more of a competitor to gold than a substitute for the dollar.