Prediction market odds for Kevin Hassett becoming the next chair of the US Federal Reserve surged after Trump hinted at his potential nomination during a White House event. The odds on Kalshi rose to 85%, up from 66%. Hassett, known to be crypto-friendly, is a candidate to succeed Jerome Powell in May 2026.

Treasury Secretary Scott Bessent is leading the search for the next Fed chair, looking for a leader who can operate more quietly. While the Fed doesn’t directly impact crypto regulation, its policies influence market sentiment and interest rates. Lower rates benefit crypto, and Hassett has criticized the Fed’s rate policy for being too high. Fed rules can also affect crypto firms’ interactions with the banking sector.

Read more at Cointelegraph: Trump Hints Who He’s Looking To Replace Fed Chair Jerome Powell