Crypto Ally Leads Fed Race as Trump Indicators Main Shift

Kevin Hassett, a former Coinbase advisor who holds over $1 million in COIN inventory, leads the Federal Reserve Chair race with a 56% nomination chance on prediction markets.

As Trump’s criticism of Jerome Powell grows, last interviews are underway by Treasury Secretary Scott Bessent.

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Hassett Emerges as Frontrunner Amid Risky Prediction Markets

Kalshi prediction markets at present give Kevin Hassett a 55% likelihood of nomination for the function of Federal Reserve Chair. This represents a 15% enhance within the final 24 hours, inserting him properly above Christopher Waller (20%) and Kevin Warsh (15%).

Fed Chair Predictions. Supply: Kalshi

As the previous chair of the Council of Financial Advisers, Hassett is thought for advocating price cuts and sustaining direct ties to the crypto trade.

Kevin Hassett is now the main candidate for Fed chair, he has lately backed a 50 foundation level lower in December. The ten-year Treasury yield is already under 4%, reflecting rising market confidence. Wanting ahead, I imagine the 10-year might drop additional, concentrating on the three% to…

— Steve Grasso (@grassosteve) November 25, 2025

Coinbase formally introduced its International Advisory Council in late November 2025, confirming Hassett’s place.

The Council helps information the corporate’s engagement with world regulators, illustrating the rising relationship between crypto corporations and policymakers.

As a Distinguished Visiting Fellow on the Hoover Establishment, Hassett has promoted a extra accommodative financial coverage by 2024 and 2025. Due to this fact, his robust pro-rate lower method units him aside from the hawkish stance beneath present Fed Chair Jerome Powell.

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Nonetheless, Hassett’s expertise as a Coinbase advisor and his substantial holdings of COIN inventory create a direct hyperlink to the crypto sector.

This raises each issues about potential conflicts of curiosity and hopes for a shift within the Fed’s method to digital property.

In the meantime, President Trump has amplified his public criticism of Jerome Powell whereas the seek for a brand new Fed chair continues. In a current Oval Workplace session, Trump shared his frustrations with Powell’s management.

Reporter: “Have you started the interviews for the Fed chair?”

President Trump: “Yes… I think I already know my choice. Well, I liked him. *Points to Secretary Scott Bessent* But he’s not going to take the job.”

“We’re speaking to varied folks… I’d like to get [Jerome… pic.twitter.com/yiFgP0l5aM

— RedWave Press (@RedWave_Press) November 18, 2025

Last interviews for the brand new Chair are ongoing, led by Treasury Secretary Scott Bessent. Trump hinted at having a most well-liked candidate however has saved particulars personal, reportedly to gauge how markets reply to hypothesis.

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Jerome Powell’s present time period runs till Could 2026, giving Trump restricted time for change. Whereas the staff notes that Trump’s decisions may be unpredictable, hypothesis continues to mount forward of an anticipated announcement earlier than Christmas 2025.

Implications for Crypto Coverage and Market Dynamics

If appointed, Hassett might deliver an unprecedented degree of crypto help to the Federal Reserve. His function as a Coinbase advisor and investor locations him in a singular place amongst contenders.

These connections might affect coverage on digital asset regulation, central financial institution digital currencies (CBDCs), and integration of crypto into conventional finance (TradFi).

“If Kevin Hassett becomes Fed Chair, the implications for crypto are strongly bullish. 1. Aggressive “dove” who has publicly criticized present charges for being too excessive and advocated for deeper, sooner cuts. 2. Led the White Home digital asset working group to form pro-crypto regulation. 3. Served on Coinbase’s advisory board and owns a big stake in COIN,” mentioned Juan Leon, Senior Funding Strategist at Bitwise.

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The market broadly expects {that a} dovish and crypto-experienced Chair might increase institutional acceptance and regulatory transparency.

Some critics fear that Hassett’s crypto holdings might create conflicts of curiosity in insurance policies affecting digital property.

The Fed holds important affect over banking and laws for cryptocurrency exchanges and stablecoin issuers. Due to this fact, scrutiny can be excessive if a Chair with private investments within the trade takes workplace.

The distinction between Hassett and contender Christopher Waller alerts two completely different paths for financial coverage and crypto regulation. Waller represents coverage stability and warning relating to expertise, whereas Hassett’s candidacy factors to extra help for innovation and cryptocurrency progress.

Who can be subsequent Fed Chair?

Christopher Waller’s odds have overtaken Kevin Hassett and Kevin Warsh.

I’ve believed for months that Christopher Waller is the strongest candidate to turn into the subsequent Fed Chair.

Listed below are a couple of posts I’ve written on why I believe so.… pic.twitter.com/RMcxpKu22r

— willy Lee (@willyLee) November 25, 2025

The choice will form not solely rates of interest, but in addition the Fed’s stance on new applied sciences. Because the December announcement nears, each monetary and crypto markets are alert for adjustments in US financial coverage and digital asset regulation.