The race for the next Federal Reserve chair is heating up with Kevin Hassett taking center stage. His appointment could mark a significant change in monetary policy, potentially leading to rate cuts and boosting risk assets like cryptocurrency. As sources close to the selection process confirm, Hassett’s candidacy aligns closely with President Trump’s economic vision, reflecting his track record within the administration. This has led to speculation about potential rate cuts from the Fed, which would impact markets and bolster valuations for digital assets. 24-hour trading data on Bitcoin shows a decrease of 1.16% and market sentiment appears cautious as experts watch closely for any official confirmations from the White House, with predictions showing Hassett’s nomination as a frontrunner.