#美SEC推动加密创新监管 The position of the Fed Chair may change in 2026.

In the candidate list leaked from the White House, Kevin Hassett is far ahead with a 57% prediction probability. What does this name mean for the crypto world? Expectations of interest rate cuts, regulatory easing, and liquidity release—three of the most sensitive nerves may be triggered simultaneously.

Let's first look at the background. Hassett is currently the Director of the White House Council of Economic Advisers and a core economic advisor to Trump. This person is not an outsider: a former economist at the Fed, has worked at the Treasury, and has taught at Columbia University, following a typical "professional + institutional" path.

The more crucial point is his attitude. He has led the White House Digital Assets Working Group, publicly opposing a "one-size-fits-all ban" on cryptocurrencies, and has stated that blockchain is the "next-generation internet infrastructure." This is not mere platitude; it is a signal of policy inclination.

Why does the crypto community expect him? The core reason is simple: his stance is dovish.

He has consistently criticized the current high interest rate policy for dragging down the economy and advocates for more aggressive rate cuts. For crypto assets that rely on liquidity, this is a direct benefit. Moreover, he is skeptical of the idea of "absolute independence of central banks" and believes that monetary policy should prioritize economic growth—this aligns perfectly with Trump's calls for rate cuts.

The regulatory aspect is also important. He does not view cryptocurrency as a major threat and advocates for leaving room for innovation. If he really comes to power, the access restrictions of the dollar clearing system to cryptocurrency may be relaxed, which would be a qualitative change for the compliance process of the entire industry.

What would happen in the market if he really took that position? Two directions are worth paying attention to:

In terms of liquidity, the expectation of interest rate cuts will be reflected in the pricing of risk assets in advance. $BTC $ETH These mainstream cryptocurrencies will move first, followed by altcoins rising together. Historically, every time the Fed shifts to a loose monetary cycle, the crypto market experiences a wave of market activity.

On the regulatory side, if the policies are truly relaxed, the entry barriers for traditional financial institutions will be lowered. This is not just a matter of money; it is a reconstruction of the entire market structure—once institutional funds come in, the market depth and stability will improve significantly.

Of course, we cannot only look at the positives.

The Fed operates under a committee system, and even if the chair is dovish, decisions cannot be made unilaterally; the extent of interest rate cuts ultimately depends on the FOMC voting results. The Senate hearing is also a test, as the "pro-crypto + Trump allies" label is likely to attract intense questioning.

There is also inflation. If US inflation data rebounds, the interest rate cut plan will be immediately shelved, and all the positives based on easing expectations will be discounted.

Ultimately, personnel changes are just a catalyst; what really determines the market are macro trends and policy cycles.

But the name Hassert at least turned the idea that "the Fed may be more friendly to crypto" from speculation into a possibility with quantifiable probability.

57%, not low.

$BTC $MBL $ETH