Trump Shakes Up Fed: Pro-Crypto Economist Stephen Miran Joins Inner Circle

Washington's financial corridors just got a crypto jolt. Former President Donald Trump—never one to shy from controversy—has tapped pro-digital asset economist Stephen Miran for a key Federal Reserve advisory role. The move signals a potential tectonic shift in how the US central bank views decentralized finance.

Wall Street meets blockchain

Miran, a former Treasury official turned crypto advocate, brings rare blockchain fluency to the Eccles Building. His appointment suggests Trump's team may push for lighter crypto regulation—or at least stop treating Bitcoin like a dirty word. Fed watchers are already placing bets on whether this ends in innovation or another speculative bubble.

The timing couldn't be more charged. With the 2024 election looming and crypto becoming a wedge issue, Miran's hiring reads like a political chess move. One thing's certain: the old guard won't like their monetary policy debates getting interrupted by talk of stablecoins and hash rates. Just don't expect the Fed to start stacking sats—those printers won't stop running themselves.

A Clear Contrast With Biden-Era Policy

Unlike the prior administration’s cautious and often critical stance toward the crypto sector, Trump has signaled an openness to fostering innovation in the space. Miran has echoed that sentiment in past remarks, suggesting that cryptocurrencies could “play a significant role in driving innovation and fueling economic growth” during a Trump presidency.

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Official Confirmation

Trump later confirmed his selection, stating:

“I am honored to announce that I have selected Dr. Stephen Miran, the current Chairman of the Council of Economic Advisers, to fill the vacant seat at the Federal Reserve until January 31, 2026. In the meantime, we will continue our search for a permanent replacement.”
With Miran’s track record and pro-digital asset stance, markets are watching closely to see whether his tenure could mark a shift toward more crypto-inclusive monetary policy at the Fed.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.

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