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Oct 28, 2025Five potential candidates to replace Jerome Powell as chairman of the Federal Reserve — and in a bullish development, all of them are pro-crypto.
Treasury Secretary Scott Bessent revealed second round interviews are about to begin, meaning a final decision could be made by the end of the year.
First up is Christopher Waller, who has likened Bitcoin to “electronic gold” — and argued that stablecoins have the potential to boost competition and reduce costs.
In recent weeks, he’s also called for crypto firms to be given direct access to the Fed’s payment infrastructure, meaning they would no longer need to go through banks.
The Fed governor declared: “This is a new era for the Federal Reserve in payments — the DeFi industry is not viewed with suspicion or scorn.”
For Bitcoiners, there is little doubt that this is a refreshing perspective. Over many years now, they have long argued that skeptics simply haven’t taken enough time to understand how this technology works.
Warsh has been an early investor in several prominent crypto firms – including the former algorithmic stablecoin Basis, and the asset manager Bitwise.
While enthusiastic about BTC as a sustainable store of value, he has dismissed the notion that the world’s biggest cryptocurrency could one day unseat the dollar. Penning an opinion piece in the Wall Street Journal back in 2018, he wrote:
While enthusiastic about BTC as a sustainable store of value, he has dismissed the notion that the world’s biggest cryptocurrency could one day unseat the dollar. Penning an opinion piece in the Wall Street Journal back in 2018, he wrote:
Of the five names put forward by Bessent, Warsh would probably be the least favorite in crypto circles — and this is primarily linked to his enthusiasm for central bank digital currencies. While he argues that a digital dollar could strengthen the greenback’s standing on the global stage, cynics argue.
He’s gone on the record as saying that BTC is an ideal addition to investment portfolios — and over recent years, has argued that this digital asset is a powerful tool for diversification and hedging against inflation. And while he believes Bitcoin has the potential to rise significantly in the years ahead, Rieder has cast doubt on whether it can fix the world’s monetary problems.
Unless a last-minute entrant enters the race, the next Fed chair will be an ardent supporter of the crypto industry. And given Trump’s displeasure with Powell over a lack of interest rate cuts, it’s clear the White House will be looking for a candidate who will be more aggressive in slashing the cost of borrowing. Cheaper money could be bullish for Bitcoin in the long run.
Source >> Revealed: All Five Federal Reserve Chair Finalists Are Pro-Bitcoin