President Trump’s Replacement For Fed Chair Jerome Powell Could Be A Coinbase Adviser

This could be interesting.

And extremely bullish for cryptocurrency!

As Jerome Powell’s term as Chair of the Federal Reserve expires in May 2026, President Trump is looking at several candidates to replace him.

One of the candidates is Kevin Hassett, who is a Coinbase adviser.

The Street reported more on Hassett possibly becoming the chair of the Federal Reserve:

As the search for the next chair of the United States Federal Reserve nears its final stage, a new frontrunner has emerged.

While Fed governor Christopher Waller had been viewed for months as the likely successor to Jerome Powell, former White House economic adviser Kevin Hassett is now receiving heightened attention.

Hassett, who has served as director of the White House National Economic Council since 2025, is now leading Fed chair race, Bloomberg reported based on anonymous sources. Hassett is regarded by Trump allies as closely aligned with the president’s economic priorities.

Speaking on Nov. 20, Hassett told Fox News that he would “be cutting rates right now” if he were leading the Fed, arguing that current data support lower borrowing costs. He has also criticized the central bank for losing control of inflation in the years following the pandemic.

Hassett’s ties to the crypto industry have also drawn notice.

According to his June financial disclosure, he previously advised Coinbase and holds at least $1 million in Coinbase stock from his advisory work with the U.S. exchange.

He also reported receiving $50,001 in salary for serving on Coinbase’s Academic and Regulatory Advisory Council, a board that includes former Securities and Exchange Commission chair Jay Clayton and former Central Intelligence Agency general counsel Courtney Elwood.

Here’s a look at Hassett:

JUST IN: 🇺🇸 Kevin Hassett is now President Trump’s top choice to replace Jerome Powell as Federal Reserve Chair. pic.twitter.com/A8QPcLhYm4

— Watcher.Guru (@WatcherGuru) November 25, 2025

Business Insider reported Trump may appoint a new Fed Chair by Christmas:

President Donald Trump is checking his list of potential Federal Reserve chairs twice.

Treasury Secretary Scott Bessent, who has been leading the search, said that Trump could name his nominee to replace Fed Chair Jerome Powell by Christmas.

“I think there’s a very good chance that the president will make an announcement before Christmas,” Bessent told CNBC in late November. “But it’s his prerogative, whether it’s before the Christmas holidays or in the new year. But I think things are moving along very well.”

No matter who Trump selects, Bessent said he wants a less prominent central bank.

“I think it’s time for the Fed just to move back into the background, like, it used to do, calm things down and work for the American people,” Bessent said.

Powell’s term expires next May, but hasn’t stopped the White House from aggressively searching for his replacement.

 

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