Donald Trump Nominates Pro-Bitcoin Stephen Miran as Fed Governor
Highlights
- Trump appoints Stephen Miran to fill Federal Reserve seat on a temporary basis.
- Miran’s crypto-friendly stance may influence future Fed digital asset policies.
- Trump administration signals pro-crypto shift with recent moves.
President Donald Trump has appointed Dr. Stephen Miran to a temporary seat on the Federal Reserve Board. Miran will serve until January 31, 2026, filling a seat recently vacated. Trump noted that a search for a permanent replacement is ongoing.
Donald Trump Taps Crypto-Savvy Economist for Key Role
The announcement was revealed by the official Trump 47 White House account on X. Stephen Miran is currently Chairman of the Council of Economic Advisors.
He holds a Ph.D. in Economics from Harvard University. Donald Trump praised his performance during both terms of his administration, calling his economic expertise “unparalleled.”
Trump said Miran had served with distinction during his first administration and remained by his side in the current term. “He will do an outstanding job,” Donald Trump stated.
However, the appointment also drew attention from crypto analysts. Matthew Sigel, Head of Digital Assets Research at VanEck, highlighted an old post from Miran. “Too bad I couldn’t get my shorts filled on those Bitcoin ETFs before they were all zeroed,” Miran posted at the time.
New nominee for Fed Governor was making fun of people bearish on Bitcoin ETFs in January 2024. https://t.co/k4NGD3uM97
— matthew sigel, recovering CFA (@matthew_sigel) August 7, 2025
This tweet indicates that Miran would favor crypto investment products and has an understanding of this market dynamics. Before serving as head of the Treasury and White House, Miran had been in various positions contributing to financial regulations and economic strategy.
His views on market liberalization and digital assets are expected to influence policy if confirmed permanently. The temporary appointment gives the Donald Trump administration more time to consider a long-term successor while maintaining influence over monetary policy.
Trump Eyes Fed Shake-Up with Crypto Ally
In parallel, Trump’s advisers are eyeing another shift at the top of the Federal Reserve. Governor Christopher Waller has emerged as the preferred candidate to replace Jerome Powell as Fed Chair.
This nomination follows a wave of pro-crypto signals from the Donald Trump administration. Earlier, Trump signed executive orders allowing 401(k) plans to include crypto and banning ideological debanking.
Miran’s entry into the Fed comes amid growing interest in the role of digital assets in monetary systems. His prior Bitcoin ETF remark could shape public expectations about his stance on crypto-related regulation.
The nomination now awaits formal review. Until then, Stephen Miran will represent Donald Trump’s policy direction on the Federal Reserve Board.
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