As the 2024 US presidential election looms, the political winds swirling around the Federal Reserve are drawing fresh interest from both Wall Street and the growing world of crypto. Former President Donald Trump, vying for a return to the White House, has been dropping pointed hints about the fate of current Fed Chair Jerome Powell. The biggest beneficiary so far appears to be Kevin Hassett—a trusted Trump adviser with a reputation for being open to cryptocurrency innovation.
Neither Trump nor his campaign have officially named their pick for the nation’s most powerful economic post. Yet, two recent Trump remarks have markets speculating on a dramatic shakeup at the top of the . Key among the rumored replacements is —the economist who led the Council of Economic Advisers under Trump and who has advocated for reducing regulatory barriers to digital assets.
Hassett’s Crypto Credentials Strike a Political Chord
Hassett’s track record is particularly intriguing for the fast-growing number of young, tech-savvy voters—and investors—who are driving up the popularity of and other decentralized tokens. Throughout his White House tenure, Hassett was seen as a rare voice willing to consider the potential benefits of cryptocurrency and blockchain, even as much of the economic establishment remained skeptical. This stands in contrast to Powell, whose Fed has been criticized for its cautious approach toward digital currency integration and regulation.
Trump, for his part, has undergone a public evolution on crypto—from open criticism while in office to more recent comments suggesting he sees its value in promoting American innovation and economic autonomy. Political insiders note that Hassett’s views could help Trump rally Gen Z and millennial voters frustrated by traditional gatekeepers and inflation-wary central bank policies.
Markets React as Political Stakes Grow
The mere suggestion of a pro-crypto Fed chair sent odds soaring in online prediction markets. Crypto sector leaders, often at odds with regulators like the , see in Hassett a rare opportunity to reshape monetary policy for a digital-native generation.
This moment highlights a bigger political reality: young Americans, many of them priced out of traditional finance, are pushing for a say in how (and whose) money gets made. The debate over the next Fed chair is morphing into a larger conversation about economic self-determination, equity, and technology’s role in democracy. It’s a debate in which voices like Hassett’s resonate far beyond Wall Street, helping set the political terms for the future of American—and global—finance.
For young voters, the choice isn’t just about interest rates or inflation. It’s about shaping a financial system that listens, adapts, and gives everyone a fair shot at the digital future.
