Trump Appoints Crypto-friendly Economist Stephen Miran To Federal Reserve Board

President Donald TRUMP has nominated Stephen Miran, a crypto-advocate and chair of the Council of Economic Advisers, to fill a vacated seat on the Federal Reserve Board of Governors. Miran's term will extend until January 31, 2026, marking a strategic move amid Trump's public tensions with Fed Chair Jerome Powell.

Miran's appointment signals potential shifts in regulatory attitudes toward digital assets. He has consistently criticized cumbersome financial regulations, arguing they stifle innovation—particularly in cryptocurrency markets. "Complexity drives innovation underground," Miran remarked in 2023, advocating for frameworks that balance oversight with technological progress.

The nomination underscores growing institutional recognition of crypto's economic role. While no specific coins or exchanges were mentioned, the development carries implications for the broader digital asset ecosystem—from Bitcoin to emerging DeFi tokens.