Kevin Hassett becoming a candidate for the Fed chairman may drive the Crypto Assets market to rise.

Source: TokocryptoBlog Original Title: Crypto Market Observes Kevin Hassett's Nomination as Chair of The Fed Original Link: Kevin Hassett, the Chairman of the White House Council of Economic Advisers, has emerged as a front-runner for the next Chair of the Fed and sparked new speculation in the crypto market. According to a Bloomberg report, Hassett is now the top option for President Donald Trump to lead the Fed in 2026, reflecting Trump's preference for lower interest rate policies.

Hassett had previously been an advisor at a leading digital asset exchange platform and is reported to hold more than US$1 million shares in the company. His direct involvement in the digital asset industry, combined with his well-known dovish stance, has drawn the attention of crypto market participants.

Soroti Regulasi Pro Kripto

Senior investment strategist of a digital asset management company, Juan Leon, assesses the opportunity for Hassett to lead The Fed as bullish for digital assets. He referred to Hassett as an “aggressive dove” who believes current interest rates are too high and advocates for a faster reduction. Leon also highlighted Hassett's role in the White House digital asset working group that promotes more pro-crypto regulations.

However, the direction of The Fed's policy under Hassett cannot be separated from the influence of Treasury Secretary Scott Bessent. Bessent openly questioned the “ample reserves” operating framework post-crisis and indicated the need to return to a pre-large balance sheet model. Felix Jauvin, host of Forward Guidance, summarized the approach as a combination of “dovish FFR, hawkish balance sheet,” emphasizing that these conditions are not the same as the quantitative easing (QE) 2020–2021.

The scenario means that although lower interest rates may support risk sentiment, the market cannot rely on a surge of liquidity as it did before. A looser macro condition compared to the tightening period of 2022–2023 may still occur, but without the guarantee of a simultaneous large rally across all risk assets.

The Person Trusted by Trump

Macroeconomic analysis indicates that Hassett's rise in the candidate exchange is more driven by political factors. He assesses that Hassett excels because he is a figure trusted by Trump and because he often criticizes The Fed for being too slow and cautious.

On the Polymarket prediction platform, Hassett's current odds are around 53%, marking a shift from speculation to more mature probabilities.

The potential impact on the crypto market will depend on three main factors: the speed of interest rate cuts by The Fed under Hassett, the extent to which Bessent promotes the simplification of the central bank's balance sheet, and how the market assesses inflation and fiscal risks in the context of a more politicized The Fed.

As of this news being published, the total cryptocurrency market capitalization stands at US$2.96 trillion and remains above the 100-week EMA, indicating a positive long-term trend.