Trump Administration Selects Next Fed Chair, Impacting Cryptocurrency Markets

The Trump administration is narrowing down its selection for the next Federal Reserve chair, with Treasury Secretary Scott Bessent confirming that the process is underway and potentially revealing names in the coming days. This move has implications for cryptocurrency markets, particularly as potential policy changes could influence interest rates and volatility. 11 candidates are being evaluated, with prominent names like David Zervos and Larry Lindsey emerging as possibilities. The selection announcement is anticipated to create a wave of market uncertainty, depending on the chosen individual’s economic policy preferences.