President Donald Trump is expected to name his new Federal Reserve Chair before the end of this week, potentially igniting a boost for the crypto market. Reports from sources including Treasury Secretary Scott Bessent and President Trump himself suggest a swift announcement before Christmas. Market anticipation is high, with traders at Kalshi predicting a 75% chance that Kevin Hassett, Director of the National Economic Council (NEC), will be chosen for the position. This choice could impact the crypto industry significantly as it might accelerate the interest rate-cutting process leading to a positive stock market and crypto climate. 2026 midterm elections loomed, potentially driving a bullish trend in the crypto world.