The race to succeed Jerome Powell as Chairman of the Federal Reserve is heating up, with Kevin Hassett emerging as a top contender based on prediction market odds. Hassett currently holds a 55% chance of election, followed by Christopher Waller at 19% and Kevin Warsh at 15%. This shift in sentiment has been driven by his long-standing advocacy for faster and deeper interest rate cuts, his growth-focused approach, and his strong stance on maintaining the Fed’s independence. These views are viewed as potentially positive for both stock and cryptocurrency markets. 2025 could see a more accommodative monetary policy direction, fueled by Hassett’s potential ascent to the chair’s position. On the other hand, Donald Trump’s long-standing disdain for current Fed Chair Jerome Powell suggests that the next Fed chair is likely to advocate for sharp interest rate cuts, potentially impacting cryptocurrency markets significantly.