According to reports, Trump has officially nominated Stephen Miran to serve on The Federal Reserve Board of Governors, succeeding the outgoing Kugler, with a term lasting until January 2026. As the Chairman of the White House Council of Economic Advisers, Miran is seen as Trump's economic advisor and is also a supporter of Crypto Assets.

This nomination has sparked a new round of speculation in the market regarding the direction of Fed policy. Miran had previously expressed support for interest rate cuts and a weak dollar policy, which caused market expectations for a rate cut in September to surge, with the probability briefly soaring to 92.7%.

The crypto assets market reacted positively to this news. Investors generally believe that if the interest rate cut expectations come true, global funds may flow significantly into Bitcoin and Ethereum. Some analysts pointed out that this situation could replicate the scenario in 2020 when the price of Bitcoin skyrocketed during the Fed's monetary easing.

In addition, Miran's attitude towards Crypto Assets regulation has also attracted industry attention. He has criticized the regulatory conflict between the SEC and CFTC multiple times, calling for clearer industry rules. The market generally believes that if the regulatory environment becomes more friendly, it may attract more institutional investors into the Crypto market.

However, it is important to note that these expectations still carry uncertainty. The Fed's policy decisions are based on a comprehensive consideration of multiple factors rather than the influence of a single individual. At the same time, the development of the Crypto Assets market is also influenced by multiple factors such as the global economy and technological advancements.

Regardless, Miran's nomination undoubtedly injects new variables into the Crypto Assets market. Investors and industry insiders will closely monitor the Fed's subsequent policy direction and its potential impact on the Crypto Assets market.