The White House announced that President Donald Trump is preparing to nominate a new member of the Federal Reserve's board of governors.
According to Bloomberg, Trump is considering Stephen Miran, known for his pro-cryptocurrency views, for the critical position.
Trump previously appointed Miran to chair the Council of Economic Advisers, a key institution that directly advises the President on domestic and foreign economic policy.
Miran's new appointment is seen as a strong signal that a second Trump term will see cryptocurrency technologies more integrated into economic policies.
Related News: Today's Biggest Story That Went Unnoticed: Retirement Plans Could Trigger a Mega Bull Run If They Include Bitcoin — Here Are the Calculations In his past statements, Miran has highlighted the potential of digital assets in the economy.
In his assessment of the matter, he said: “Crypto could have a big role in driving innovation and kickstarting another Trump administration economic boom.” This move by Trump, which goes in a direction opposite to the previous Biden administration, known for its anti-cryptocurrency policies, is being closely watched by markets. *This is not investment advice.
Continue Reading: BREAKING: Donald Trump’s Choice for Vacant Seat on the Fed Has Been Revealed – Here Are His Views on Bitcoin.
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