Hassett for Fed Chair: Cryptocurrency Market Faces Potential Transformation

Kevin Hassett, currently the head of the White House National Economic Council, is emerging as the front-runner to lead the Federal Reserve when current chairman Jerome Powell’s term ends in 2026. This potential appointment has sparked debate amongst cryptocurrency investors about its impact on digital asset markets. Notably, Hassett has previously served as a Coinbase advisor and holds at least $1 million worth of Coinbase stock. This development underscores the role political preference plays in shaping monetary policy.