Stephen Miran Federal Reserve Nominee – Pro Crypto Move by Trump?

Who Is Stephen Miran Federal Reserve Nominee and Why It Matters?

President Donald Trump has announced Stephen Miran federal reserve nominee, current chair of the Council of Economic Advisors, to take charge of the Fed Reserve Board of Governors. He will replace Adriana Kugler who resigned this week. He will serve temporarily till January 31 2026.

Source: Truth Social 

President Trump posted in his Truth social media that they will continue the search for a permanent replacement with great knowledge in world of Economics if appointed Miran is very suaitable to handle the work as a Fed Governor. He also praised his work for serving him in his first administration. 

Who Is Stephen Miran?

Stephen Miran federal reserve nominee is a Ph.D. holder in Economics from Harvard University and is a well-known voice in economic conservative policy circles. Before becoming chair of the Council of Economic Advisors under Trump’s second term, he served in the Treasury Department during the first Trump administration, working under then-Secretary Steven Mnuchin. 

He is a well-known promoter of pro-crypto policies and reciprocal tariffs, closely supports Trump's economic strategy. He might have an impact on the Fed in areas other than interest rate decisions, such as financial regulation.

Why is he a Temporary choice?

Stephen Miran federal reserve nominee will likely serve the position until Kugler’s unexpired term, which is January 31 2026. He is not a potential replacement of Chair Jerome Powell, so why did he nominate him in such a hurry? 

Kugler’s surprising resignation and new nomination both indicate that Trump only wants a “Shadow Chair” for him, as the new nominee is a critic of the Fed, especially his work during Covid crisis. By selecting Stephen, the President will achieve his goal of simpler monetary policy and control over the most powerful central bank in the world.  

Till the time Trump wanted someone who could become his voice and serve as a vocal counterweight to Chairman Jerome Powell and make pressure for the administration's preferred monetary policies, especially low interest rates.

Who will be next Fed chairman

Top guesses include Christopher Waller, a conservative Federal to be next Fed Chairman. According to the prediction market and Kalshi reports Waller’s chance has exceeded 46% previous front-runners  Kevin Warsh and current National Economic Council Director Kevin Hassett, whose odds stand at 20% and 35%, respectively.

Source: Kalshi 

Hassett and Warsh have advocated for low interest rates. Current Chairman Jerome Powell, whose term ends in May 2026, has often been criticized by Trump for keeping interest rates high. Stephen Miran federal reserve nominee, is a temporary choice. 

Trump's Announcement on Fed Governor turned Crypto Market Green Today

The global cryptocurrency market cap stands at $3.87 trillion, marking a 2.8% increase in 24 hours. Total trading volume hit $181B. Bitcoin, Ethereum, BNB, Solana, XRP all the major crypto currencies have gained momentum with this Fed Governor news of Stephen Miran federal reserve nominee. The Crypto Market is very volatile and reacts very sharply with the President's tiny movements. 

Source: CoinMarketCap

Trump's Political Play Can Bring a Big Boost to the Crypto Market

As US president is the direct supporter of crypto currency and majorly holds companies investing in digital assets. If Stephen Miran federal reserve nominee, is appointed to the Federal Reserve Board of Governors, the crypto market may see a boom.