Three out of the 11 Federal Reserve chair candidates considered by Trump are open to cryptocurrencies

ChainCatcher news, according to CNBC, the Trump administration is considering at least 11 candidates to replace current Federal Reserve Chairman Jerome Powell, among whom at least three have publicly expressed positive attitudes toward cryptocurrency.

U.S. Treasury Secretary Scott Bessent recently stated that these candidates include Dallas Fed President Lorie Logan, former St. Louis Fed President James Bullard, Fed Vice Chair Philip Jefferson, Fed Governor Chris Waller, Vice Chair for Supervision Michelle Bowman, and former Fed Governor Larry Lindsey. In addition, there are Bush administration economic advisor Marc Sumerlin, Jefferies Chief Market Strategist David Zervos, and BlackRock Global Fixed Income CIO Rick Rieder, among others.

Among them, Jefferies has close ties to the cryptocurrency sector, having supported crypto-related companies such as eToro and Circle Internet Group in going public, and was an early investor in Michael Saylor’s bitcoin initiative. BlackRock’s Rieder also holds a positive view on cryptocurrency, having stated that bitcoin could become an important part of asset allocation and believes that cryptocurrency “will exist for the long term.” In addition, Fed candidates Waller and Bowman have recently shown openness toward cryptocurrency. Bowman suggested that Fed employees could invest small amounts in cryptocurrency to better understand the technology, while Waller believes the banking industry does not need to fear crypto payment technology.

In contrast, current Chairman Powell has a more cautious attitude toward cryptocurrency, having stated that bitcoin is more like a competitor to gold rather than a replacement for the U.S. dollar.