Crypto Friendly Fed? (Patreon)

Recent reports suggest that U.S. Treasury Secretary Scott Bessent is a contender to replace Jerome Powell as the next Federal Reserve Chair when Powell's term ends in May 2026.   Maybe sooner we hope.

While the White House reportedly initially denied the rumors, several sources, including Bloomberg News, indicate that Bessent is on a short list of potential candidates being considered

Bessent's Stance on Bitcoin and Digital Currencies

Bessent has been described as "pro-Bitcoin," expressing openness to incorporating digital assets into broader economic strategy. He has also stated that he is a "big proponent of the U.S. taking the worldwide lead in crypto".

Added Bonus, Bessent has firmly opposed a U.S. CBDC, deeming it unnecessary and better suited for countries with limited investment options.