Kevin Hassett, a former Coinbase advisor with over $1 million in COIN stock, now leads the Federal Reserve Chair race with a whopping 56% nomination probability on prediction markets.
As Trump’s frustration with Jerome Powell reaches a boiling point, final interviews are being conducted by Treasury Secretary Scott Bessent. 🕵️♂️
Hassett Takes the Lead Amidst Market Chaos
Kalshi prediction markets now favor Kevin Hassett with a 55% chance of nomination for Federal Reserve Chair. This marks a 15% spike in the last 24 hours, leaving Christopher Waller (20%) and Kevin Warsh (15%) in the dust. 📈
Hassett, former chair of the Council of Economic Advisers, is notorious for advocating rate cuts and maintaining cozy ties with the crypto industry. 🤑
Kevin Hassett is now the leading candidate for Fed chair, he has recently backed a 50 basis point cut in December. The 10-year Treasury yield is already below 4%, reflecting growing market confidence. Looking forward, I believe the 10-year could drop further, targeting the 3% to…
– Steve Grasso (@grassosteve) November 25, 2025
Coinbase officially unveiled its Global Advisory Council in late November 2025, solidifying Hassett’s position. 💼
The Council aids the company’s engagement with global regulators, highlighting the evolving relationship between crypto firms and policymakers. 🌐
As a Distinguished Visiting Fellow at the Hoover Institution, Hassett has championed a more dovish monetary policy since 2024. His pro-rate cut stance starkly contrasts with Jerome Powell’s hawkish approach. 🦅
However, Hassett’s role as a Coinbase advisor and his hefty COIN stock holdings forge a direct link to the crypto sector. 🤔
This raises both red flags about potential conflicts of interest and green lights for a shift in the Fed’s stance on digital assets. 🚦
Meanwhile, President Trump has escalated his public criticism of Jerome Powell as the hunt for a new Fed chair persists. In a recent Oval Office session, Trump vented his frustrations with Powell’s leadership. 🗣️
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 talking to various people… I’d love to get [Jerome…
– RedWave Press (@RedWave_Press) November 18, 2025
Final interviews for the new Chair are ongoing, led by Treasury Secretary Scott Bessent. Trump hinted at a preferred candidate but remains tight-lipped, likely to gauge market reactions to speculation. 🤐
Jerome Powell’s current term ends in May 2026, leaving Trump with limited time for a change. While Trump’s decisions are notoriously unpredictable, speculation continues to escalate ahead of an expected announcement before Christmas 2025. 🎅
WATCH: Scott Bessent said “there is a very good chance President Trump announces the new Fed Chair before Christmas.”
– BeInCrypto (@beincrypto) November 25, 2025
What This Means for Crypto Policy and Market Dynamics
If Hassett takes the helm, he could usher in unprecedented crypto support at the Federal Reserve. His role as a Coinbase advisor and investor places him in a league of his own among contenders. 🌟
These connections could influence policies on digital asset regulation, central bank digital currencies (CBDCs), and the integration of crypto into traditional finance (TradFi). 💹
“If Kevin Hassett becomes Fed Chair, the implications for crypto are strongly bullish. 1. Aggressive “dove” who has publicly criticized current rates for being too high and advocated for deeper, faster cuts. 2. Led the White House digital asset working group to shape pro-crypto regulation. 3. Served on Coinbase’s advisory board and owns a large stake in COIN,” said Juan Leon, Senior Investment Strategist at Bitwise.
The market anticipates that a dovish and crypto-savvy Chair could enhance institutional acceptance and regulatory transparency. 🌈
Some critics fret that Hassett’s crypto holdings might create conflicts of interest in policies affecting digital assets. 🤨
Given the Fed’s significant influence over banking and regulations for cryptocurrency exchanges and stablecoin issuers, scrutiny will be intense if a Chair with personal investments in the industry takes office. 🕵️♀️
The contrast between Hassett and contender Christopher Waller underscores two divergent paths for monetary policy and crypto regulation. Waller embodies policy stability and tech caution, while Hassett’s candidacy signals more innovation and cryptocurrency growth. 🚀
Who will be next 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 become the next Fed Chair.
Here are a few posts I’ve written on why I think so.…
– willy Lee (@willyLee) November 25, 2025
The decision will shape not only interest rates but also the Fed’s stance on emerging technologies. As the December announcement approaches, both financial and crypto markets are on edge for shifts in US monetary policy and digital asset regulation. 🧐
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2025-11-26 09:48