Trump parachutes in encryption allies! Appoints "coin-savvy" economist Milan to the Federal Reserve Board of Governors, strong signals of policy shift?

U.S. President Trump announced the appointment of economist Stephen Miran as a temporary member of the Federal Reserve Board, with a term ending on January 31, 2026. Miran, who currently serves as the chair of the White House Council of Economic Advisers, holds a Ph.D. in economics from Harvard and has previously tweeted about Bitcoin ETF trading, being seen as a "crypto-friendly" official. This appointment comes at a time when the Trump administration has been consistently sending signals of support for Crypto Assets, including allowing 401(k) retirement funds to invest in digital assets and prohibiting ideological "de-banking". Analysts believe that Miran's addition may influence the Fed's regulatory stance on digital assets.

Key Appointment: Crypto Background Economist Joins the Fed

U.S. President Donald Trump has appointed Dr. Stephen Miran as a temporary member of the Federal Reserve Board of Governors. Miran will fill the recently vacated seat, with a term ending on January 31, 2026. Trump stated that the selection process for a permanent appointee is still ongoing.

Trump announced this news through his official campaign account "Trump 47" on the X platform. Stephen Mihran is the current chairman of the White House Council of Economic Advisers (the White House economic think tank) and holds a Ph.D. in Economics from Harvard University. Trump praised his performance during two terms in office, calling his economic expertise "unparalleled."

Trump stated that Milan performed excellently during its first term and continues to assist in this term. "He will make outstanding contributions," Trump emphasized.

Encryption Position: Previously Involved in Bitcoin ETF Trading Draws Attention

However, this appointment has also attracted the attention of crypto analysts. Matthew Sigel, head of digital asset research at VanEck, pointed out a previous tweet by Milan: "It's a pity I couldn't short those Bitcoin ETFs before they went to zero (shorting Bitcoin ETFs)." Milan wrote at that time.

This tweet indicates that Milan has an open attitude towards Crypto Assets investment products and understands the market operation mechanism. Before holding key positions in the Treasury and the White House, Milan was involved in financial regulation and economic strategy formulation in various roles.

If he receives a permanent appointment, his views on market liberalization and digital assets are expected to influence the direction of policy. This interim appointment provides the Trump administration with more time to consider long-term candidates while maintaining influence over monetary policy.

Policy Trend: The Trump Administration Continues to Release Positive News for Crypto Assets

Meanwhile, Trump's advisory team is focusing on another change at the highest level of the Fed. Governor Christopher Waller has become the preferred candidate to succeed Jerome Powell as the chair of the Fed.

This nomination follows a series of signals from the Trump administration supporting Crypto Assets. Previously, Trump signed an executive order allowing 401(k) pension plans to include Crypto Assets and prohibiting ideologically based "de-banking" actions (banking service guarantees for crypto enterprises).

As Milan enters the Fed, the role of digital assets in the monetary system is increasingly gaining attention. Its previous remarks about the Bitcoin ETF may shape external expectations regarding its regulation stance on Crypto Assets.

Conclusion: A Key Step in Policy Shift, Crypto Regulation May Face Changes

The temporary appointment in Milan is a key move by the Trump administration to reshape the personnel layout of the Fed. Combined with recent policies allowing pension funds to allocate to Crypto Assets and prohibiting discriminatory banking services, as well as the consideration of appointing Waller as the next Fed Chair, it shows a clear intention to promote the acceptance of digital assets within the traditional financial system.

Milan's past practical understanding of products like Bitcoin ETF, combined with his role as a core economic decision-maker, may bring a new perspective to the Fed's examination of the digital asset regulatory framework. Although we still need to wait for the Senate's review of the permanent appointment, Milan will directly participate in interest rate decisions and financial regulatory discussions during his interim term until January 2026, becoming an important window to observe the trends in U.S. crypto policy. If his stance aligns with the crypto-friendly policies promoted by the Trump administration, it could accelerate the loosening of related regulatory rules, injecting systematic benefits into the industry.