[Federal Reserve Vice Chair Bowman and Other Pro-Crypto Figures May Succeed as Chair]
Federal Reserve Vice Chair Michelle Bowman and other pro-crypto candidates are expected to succeed the position of Federal Reserve Chair, as current Chair Jerome Powell is anticipated to step down next year. The candidate list includes Treasury Secretary Scott Bessent, former Federal Reserve Governor Kevin Warsh, National Economic Council Director Kevin Hassett, Federal Reserve Governor Chris Waller, and BlackRock Chief Investment Officer for Fixed Income Rick Rieder. Bessent will interview candidates alongside senior officials and submit a shortlist to President Trump. Bowman has previously suggested that employees hold a small amount of cryptocurrency to understand its workings, and other candidates also hold positive attitudes toward crypto assets.