Trump-backed Stephen Miran Joins Federal Reserve Amid Crypto Market Anticipation
The U.S. Senate confirmed Stephen Miran to the Federal Reserve Board in a narrow 48-47 vote, marking a pivotal moment for monetary policy oversight. Miran's appointment, endorsed by former President Trump, introduces potential regulatory shifts that could Ripple through financial markets.
Crypto traders are scrutinizing the Fed's new composition for signals on digital asset oversight. The timing coincides with heightened volatility across major cryptocurrencies, as institutional and retail investors alike assess implications for decentralized finance.