Scott Bessent Begins Search for New Fed Chair, Potential Impact on Crypto Markets Remains Key

The U.S. Treasury Secretary, Scott Bessent, will begin interviewing potential successors to Jerome Powell as the next Federal Reserve Chair on Friday. The selection process for this critical role is expected to significantly impact U.S. monetary policy and financial markets, with potential ripple effects felt in cryptocurrency sectors like Bitcoin (BTC) and Ethereum (ETH). Experts anticipate increased volatility in the crypto space due to changes in interest rates and liquidity expectations.