President Donald Trump appointed Stephen Miran, a supporter of digital assets, to complete the state of Adriana Kugler in the federal reserve, in a decision that strengthens his control over interest rate policy and indicates a more favorable trend in digital assets by the federal
President Donald Trump Stephen Miran – President of economic advisers – appointed the Federal Reserve Council, in a step in conjunction with the return of the Bitcoin Prize of $ 117,000, which reflects a renewed momentum in digital politics and markets.
Trump announced this Thursday on his social platform Truth, stressing that Miran would operate the headquarters that Adriana Koger left after resigning on Friday.
Analysts call Miran the “Shadow President” in the Trump strategy to reshape the Federal Reserve
Biden – Several months before the end of his 14 -year term, which would have ended in January 2026. For his part, Trump explained that Miran would occupy the rest of this period while the search for a permanent candidate continues.
The appointment of Miran comes at an important time, because its headquarters give it the voting rights of the Federal Open Markets Committee (FOMC) responsible for determining interest rates. Its position on monetary policy and what is linked to digital currencies can affect the directions of the federal reserve, and the continuation of concerns concerning inflation and developments in the financial scene have been extended.
It should be noted that Miran-Qui had previously held the post of secretary of the Treasury Stephen during the first controversy of Trump, which was used to excite controversy, publicly criticized the idea of reducing the value of the US dollar as a tool for correct commercial works.
In addition, my mother’s agreement is awarded, a political framework that calls for structural changes in world trade and the coordination of monetary policies between currencies.
In addition to that, Miran is known for his position in favor of digital currencies, and he has repeatedly called for the inclusion of digital assets in traditional financial systems and to reduce laws that hinder their adoption. Consequently, its appointment is reinforced by the expectations that Trump seeks to form a more open federal reserve on digital innovation and less adherence to traditional critical belief.
It is reported here that Trump has already been appointed Miran to the presidency of the Council of Economic Advisers in December 2024, and his appointment to the Federal Reserve requires the approval of the Senate, a stage that does not take place before the return of the September holiday congress. In the event of approval, Miran will participate in the next monetary policy meeting scheduled for September 16 and 17.
However, the departure of the appointment of Kogler and Miran refers to the intention of Trump to reshape the federal reserve, in the light of his public criticisms of the current president of the Jerome Powel Council.
Donald Trump increases his criticisms of the federal reserve, and this is the number of impact on the price of bitcoin#Jeromepowell #Cryptohttps://t.co/ukxd4gzt8a – cryptonews.com (@cryptonews) April 18, 2025
Since the presidency of Jerome Powell will end in May, reports indicate that Trump is studying several candidates for his succession, including director of the National Economic Council Kevin Hasett, a former member of the Federal Reserve Kevin Warsh and the current member Kevin Waller.
Some Miran analysts consider “the chief of the shadows” because he is a figure that does not directly direct the council, but he can compete with Powell to direct monetary policy from the interior, because Trump has always been one of the most favorable supporters to reduce interest rates, and he has concluded repeated differences with Powell because of his orientation towards the tightening of interest rates.
The markets interact with the appointment by Trump Miran members of the Federal Reserve
The markets quickly responded to the appointment of Miran, because the US dollar index – which measures the performance of the currency compared to a group of large currencies – fell to the negative zone immediately after this announcement, and investors explained this stage as a potential change towards monitoring a more flexible critical policy before the electoral cycle of 2026.
Meanwhile, the price of Bitcoin was recovered, exceeding $ 117,000 after decreasing below $ 112,000 earlier this week. When writing this report, Bitcoin was broadcast at a price of $ 117,224, up to around 2% in the last 24 hours. In addition, the negotiation volume increased by around 15% during the same period to reach more than $ 37 billion, which reflects a significant increase in market activity.
The currency followed the wider crêpe market, so the price of Ethereum-Eth increased by 5% to exceed $ 3,860, while the price of the Ripple-XRP currency increased from 3.4% to $ 3.10. In addition, the price of gold has increased by $ 3,468 per ounce, while US stocks remained stable and the US dollar recorded a slight drop.
For their part, the merchants have noticed an increasing artistic style on the Bitcoin graphic table, and the Rekt Capital analyst indicated that there is a support which is formed around the level of $ 114,000 with the possibility of penetration of an ascending triangle style.
As for the CRYPNUVO merchant, he declared that the liquidity of the market pays the price of Bitcoin currency to the region of $ 119,000, and it stressed through the X platform: “The market is still moving in liquidity and others.”
Miran’s views of digital currencies can support the atmosphere this year, as this appointment coincides with Trump’s wider efforts to support digital assets as part of its economic program.
On the other hand, Trump signed a decree on August 7 to impose penalties on banks that hinder Bitcoin transactions, with the aim of reducing what is called “blocking banking services”, that is to say, refusing to provide banking services to Cribo companies.
@Realdonaldtrump Prepares to sing an executive decree that WPEN opens the sleep for the 401 retirement plans (K) to include exposure to the crypto.#Asset #Cryptohttps://t.co/sbasewqzdj – cryptonews.com (@cryptonews) August 7, 2025
This case will be obliged to investigate and impose fines on banks that restrict access to digital currencies, and also aims to cancel the category of “reputation risks” in organizational guidelines, which, according to criticism, have been used within the framework of discriminatory measures against digital asset companies under the previous administration.
The decree should clarify the law of digital money companies to obtain equal access to the banking system, and analysts think that this can encourage financial institutions to support digital assets and can include them in traditional financial products, such as 401 pension funds (K).
In addition, Trump is preparing to issue a broader decree which orders the Ministry of Labor to examine the types of assets authorized to be included in the pension plans subject to the Retirement Insurance Act for employees (ERISA), which could open the door to include private capital, real estate and digital currencies in these plans.
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