President Donald Trump has nominated Stephen Miran, a recognized pro-Bitcoin advocate and market-oriented economist, to the Federal Reserve Board on August 7, 2025. Miran, who previously chaired the Council of Economic Advisers (CEA), is known for advocating pro-growth policies including lower interest rates and reduced financial regulations.
Senate Banking Committee Chairman Tim Scott endorsed the nomination, stating: "Stephen Miran is an accomplished economist instrumental in advancing a pro-growth agenda... I look forward to quickly considering his nomination." While no explicit cryptocurrency policies accompany the appointment, analysts anticipate Miran's influence could shift Fed policy toward looser monetary conditions.
Historical data shows dovish Fed policies correlate strongly with cryptocurrency rallies. Lower interest rates typically increase institutional investment in risk assets like Bitcoin and Ethereum by enhancing market liquidity. Market observers note such appointments recalibrate crypto dynamics, though actual impacts depend on Senate confirmation and subsequent policy implementation.