Senate Confirms Trump Adviser Stephen Miran to Federal Reserve Board in Narrow Vote
The U.S. Senate confirmed Stephen Miran to the Federal Reserve’s Board of Governors in a 48-47 vote on Monday. Miran, a vocal advocate for deregulation and cryptocurrency innovation, has drawn both support and criticism for his dual roles in government and economic policy.
Republicans hailed the confirmation as a victory for economic competitiveness, while Democrats raised concerns about potential conflicts of interest given Miran’s ongoing affiliation with the WHITE House Council of Economic Advisers.
Miran’s past comments suggest a favorable stance toward crypto, including a December 2024 interview where he highlighted its potential role in financial innovation. His appointment could signal a shift in the Fed’s approach to digital assets under a future TRUMP administration.
