Crypto News: President Trump Eyes Hassett as Fed Chair for Rate Cuts

President Donald Trump made headlines in crypto news on December 2, 2025. He hinted at Kevin Hassett as the next Federal Reserve Chair. This came during White House remarks.

Hassett is Trump’s top economic advisor and former head of the Council of Economic Advisers. He is known for favoring bold interest rate cuts and criticizing Jerome Powell’s cautious approach.

Markets reacted quickly, with prediction site Kalshi giving Hassett an 80% chance of nomination. His ties to crypto, including advising Coinbase and owning over $1 million in its stock, excite investors. Lower rates could boost Bitcoin and stocks. However, risks of inflation and bubbles remain.

Trump’s Pick Sparks Crypto News Buzz

Donald Trump introduced Kevin Hassett at a meeting and called him a “potential Fed chair.” This was no slip. It quickly became one of the most talked-about stories in the crypto world.

Hassett’s odds of nomination jumped overnight, rising from 66% to 85% on prediction platforms. The Trump crypto angle is clear: Hassett supports bold, pro-growth moves.

He wants fast rate cuts. In interviews, he said he would slash rates if he were in charge. That aligns with Trump’s push for lower borrowing costs. Crypto thrives when liquidity is strong. Lower rates mean more money flowing into risk assets.

Bitcoin and Ethereum often rally in those conditions. Hassett’s views echo Trump’s belief that the economy is strong and can handle easier policy.

He argues that fear is holding prices down. Remove fear, and values can soar. For crypto, clear rules and confidence could end that fear. Many traders believe this moment could spark a new supercycle.

Social media buzzed with optimism. Posts on X called this crypto news “mega bullish” and even a “seismic shift” for crypto. Hassett’s nomination still needs Senate approval. But with odds in his favour, investors are already betting big.

Kevin Hassett’s Crypto-Friendly Agenda Could Reshape U.S. Financial Policy

Kevin Hassett is closely linked to Donald Trump. He served in Trump’s first term and now leads the National Economic Council. His crypto connections stand out.

Hassett joined Coinbase’s advisory board, earning more than $50,000, and his Coinbase stock is worth over $1 million. These ties make him strongly crypto‑friendly.

He opposes central bank digital currencies, calling them government overreach, while supporting private stablecoins like USDC. He also wants banks to hold Bitcoin, a move that could end the long fight against crypto banking.

Under Hassett, Fed oversight might ease, allowing banks more freedom and crypto to achieve wider adoption. Hassett views crypto as real infrastructure for growth.

His bold outlook, seen in his book Dow 36,000, could fuel soaring prices. Analysts see the crypto news of these developments as net positives. However, some warn that the Fed’s independence could be weakened.

Outlook for Crypto News in 2026

Markets anticipate a surge ahead of this crypto news, with the S&P climbing by more than 10%. Inflation could rise above 4%, yet optimism dominates. Crypto stands out as the biggest winner. Looser policy fuels rallies, and Bitcoin, after recent struggles, may surge under deregulation.

The Trump crypto era is expected to begin in May 2026. Powell plans to finish his term, but pressure builds. Donald Trump considers other names like Kevin Warsh, though Hassett leads the charge.

Risks remain, fast cuts could spark bubbles, and partisan fights may slow progress. Still, momentum is strong. This shift could redefine U.S. financial policy.