Michelle Bowman, Fed Vice Chair known for her positive stance on cryptocurrencies, is among the top contenders vying to succeed Jerome Powell as chair of the Federal Reserve. Several prominent figures are also being considered, including Scott Bessent, U.S. Treasury Secretary; Kevin Warsh, former Fed Governor; Kevin Hassett, National Economic Council Director; Chris Waller, current Fed Governor; and Rick Rieder, BlackRock’s fixed-income investment director. These individuals will be interviewed by Treasury officials and White House personnel before a narrowed-down list is presented to President Trump. The eventual choice of candidate will be subject to Senate approval and could impact the future direction of financial innovation within the US.