Pro-Crypto Dove Emerges as Top Candidate to Replace Powell
Analysis
Price Impact
HighKevin hassett, described as an 'aggressive dove,' advocates for deeper, faster interest rate cuts. lower interest rates generally make riskier assets like crypto more attractive by reducing borrowing costs for leverage and increasing market liquidity. his pro-crypto background, including leading a working group on digital asset regulation and serving on coinbase's advisory board, further amplifies the potential positive impact.
Trustworthiness
MedThe analysis comes from a senior investment strategist at bitwise invest and is supported by hassett's public statements and past affiliations. polymarket bettors give him a 57% chance of nomination, suggesting a strong possibility but not a certainty. other candidates exist with different views, and the timeline for appointment is not immediate.
Price Direction
BullishHassett's dovish stance, advocating for lower interest rates, historically creates a favorable environment for risk-on assets such as cryptocurrencies. his direct involvement and understanding of digital assets also suggest a more supportive regulatory landscape, fostering growth and adoption.
Time Effect
LongThe current fed chair's term runs until february 2026, and the next chair is unlikely to be announced this year. therefore, any potential policy changes under hassett's leadership would take time to manifest and impact the market.
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Article Content:
Cover image via www.youtube.com Read U.TODAY on Google News According to Juan Leon, senior investment strategist at Bitwise Invest, American economist Kevin Hassett becoming the new chair of the Federal Reserve would be "strongly bullish" for crypto. Advertisement First of all, Hassett is an aggressive "dove" who has publicly advocated for deeper, faster cuts. Lower interest rates tend to make riskier assets of the likes of crypto more attractive since borrowing costs for buying it via leverage would decrease. HOT Stories Shiba Inu (SHIB) Sees New Hope, XRP Price Has 6 Days to Rebound, BlackRock Sells $314 Million in Bitcoin and Ethereum – Crypto News Digest Pro-Crypto Dove Emerges as Top Candidate to Replace Powell Morning Crypto Report: XRP Bags $164 Million for ETF, Shiba Inu (SHIB) to Lose Zero, Insane $1.75 Billion Option Bet on Bitcoin Price to Rise Portnoy Teases XRP Bears: 'Imagine Not Buying the Dip?' Hassett has experience coordinating federal policy on digital assets, previously leading a working group that was meant to shape cryptocurrency regulation. Advertisement Finally, he has also served on Coinbase's advisory board and owns a large stake in COIN. Other top candidates Hassett is an early frontrunner to replace Fed Chair Jerome Powell. According to Polymarket bettors, Hassett currency has a 57% chance of being nominated as the next head of the most powerful central bank. However, he is still far from being a lock. You Might Also Like Fri, 08/22/2025 - 13:03 If Bitcoin Jumps, Fed Reserve Might React, Mike McGlone Warns By Yuri Molchan That said, the next Fed chair is unlikely to be announced as early as this year, according to Polymarket bettors. Current Fed governor Christopher Waller is currently in second place with 22%. Waller is known for having rather hawkish views, which would not bode well for crypto. Former Fed governor and former investment banker at Morgan Stanley, Kevin Warsh is also in the top 3. The Yale and Harvard-trained economist has a 15% chance of becoming the next chair. A Fed Chair serves a four-year term once confirmed. Powell’s second term therefore, runs until February 2026. #Federal Reserve