Trump’s Nomination for Federal Reserve Chair
At a recent press conference, President Donald Trump expressed admiration for Chris Waller, his nominee for the Federal Reserve Chair, amid ongoing speculation regarding his final decision.
“I think he’s great. He’s been a longstanding figure in this field—someone I’ve been closely involved with throughout his career. Truly a fantastic man,”
Trump remarked.
Waller’s Stance on Cryptocurrency
Waller, who has garnered attention for his supportive stance towards cryptocurrency, mentioned during his address at the Wyoming Blockchain Symposium in August 2025 that he believes there is “nothing to be afraid of” regarding crypto transactions that occur outside the conventional banking framework.
Potential Candidates for Fed Chair
On the topic of potential Fed chair candidates, Trump shared that he has narrowed the list to three or four individuals, confidently stating that he considers each one to be a strong contender.
“Honestly, I think every one of them would be a good choice,”
he added. Currently, Waller’s probability of being selected stands at 14%, positioning him as the third leading candidate according to Polymarket, a crypto prediction market. Leading the pack is economic adviser Kevin Hassett, who holds a 53% chance, followed by former Fed governor Kevin Warsh with 28%.
Comments on Michelle Bowman
When queried about the potential inclusion of Fed governor Michelle Bowman on the shortlist, Trump refrained from confirming but praised her as a “fantastic person,” despite her odds of selection being relatively low at 2%.
Impact on Cryptocurrency Market
As announcements regarding the Fed chair appointment loom, with Trump indicating that a decision might come in the next few weeks, the cryptocurrency sector has been monitoring these developments closely. The Federal Reserve’s policies significantly influence monetary conditions, which in turn have a profound effect on cryptocurrency market dynamics. Lower interest rates typically encourage investors to seek out riskier assets, like cryptocurrencies, as traditional investments become less appealing.
Conclusion
In summary, the crypto community is keenly interested in how Trump’s forthcoming nomination might shape monetary policy and the overarching landscape for digital currencies in the U.S.
