The probability of Kevin Hassett becoming the new Fed chairman has reached 52%, leading by a significant margin, with faster rate cuts and friendlier regulations on the way.

Hassett belongs to the typical "growth-first" faction, clearly supporting a faster and earlier rate cut path. If he really takes office, it means that the rate cut cycle may open earlier, and liquidity will flow back to the risk market more quickly. Cryptographic assets will undoubtedly become beneficiaries of the liquidity overflow.

Interestingly, Hassett himself has publicly disclosed holding at least $1 million in Coinbase stock and has long participated in discussions on digital asset policies, being regarded as one of the few mainstream economists who truly understand the underlying mechanisms of cryptocurrency. Even if his appointment does not lead the Fed to directly "embrace crypto," it will undoubtedly promote further easing of regulations.

Hassett's "growth-first" position perfectly aligns with Trump's demand for the rise of the US stock market/cryptocurrency. If he eventually becomes the Fed chairman, the days for cryptocurrencies will certainly get better.