Trump Nominates Bitcoin-Friendly Economist Miran to Fed
Trump Appoints Stephen Miran to Federal Reserve Board
President Donald Trump has nominated Dr. Stephen Miran to a temporary position on the Federal Reserve Board, set to last until January 31, 2026. This appointment fills a recently vacated seat, with Trump indicating that the search for a permanent replacement is underway.
Crypto-Savvy Economist Tapped for Key Role
The announcement was made via the official Trump 47 White House account on X. Stephen Miran currently serves as Chairman of the Council of Economic Advisors and holds a Ph.D. in Economics from Harvard University. Trump lauded Miran's “unparalleled” economic expertise and his distinguished service throughout both terms of his administration.
“He will do an outstanding job,” Trump stated.
Miran's Stance on Crypto
The appointment has garnered attention from crypto analysts. Matthew Sigel, Head of Digital Assets Research at VanEck, pointed to a past post from Miran:
“Too bad I couldn’t get my shorts filled on those Bitcoin ETFs before they were all zeroed,” Miran posted, suggesting a favorable view of crypto investment products and an understanding of market dynamics.
New nominee for Fed Governor was making fun of people bearish on Bitcoin ETFs in January 2024. https://t.co/k4NGD3uM97
— matthew sigel, recovering CFA (@matthew_sigel) August 7, 2025
Miran's background includes various positions contributing to financial regulations and economic strategy, influencing his perspectives on market liberalization and digital assets.
Potential Policy Implications
Miran’s appointment provides the Trump administration with increased influence over monetary policy while allowing more time to consider a long-term successor.
Trump Administration Signals Further Crypto Integration
Trump’s advisors are also considering Christopher Waller as a potential replacement for Jerome Powell as Fed Chair, signaling a broader shift.
Pro-Crypto Signals
This nomination follows a series of pro-crypto moves from the Trump administration, including executive orders allowing crypto in 401(k) plans and banning ideological debanking.
Miran’s presence on the Fed comes amid growing interest in digital assets within monetary systems. His past remarks on Bitcoin ETFs could shape expectations regarding his stance on crypto-related regulation.
The nomination awaits formal review, and until then, Stephen Miran will represent the Trump administration's policy direction on the Federal Reserve Board.