The Senate quickly confirmed encryption-friendly PI Stephen Miran to lead The Federal Reserve (FED), who will participate in this week's Intrerest Rate decision.

On the eve of the latest interest rate decision meeting of the Federal Reserve (Fed) in the United States, the Senate swiftly confirmed the crypto assets-friendly Stephen Miran as a member of the Federal Reserve Board of Governors with a narrow margin of 48 votes in favor and 47 against on Monday night. This move means that Miran will immediately participate in this week's interest rate policy discussions and voting, which could have a direct impact on market trends.

Crypto Assets friendly PI background: Former Senior Strategist at Hudson Bay

Miran served as a senior strategist at the investment firm Hudson Bay, which was actively involved in the creditor trading of the FTX bankruptcy case. He has publicly called for simplifying the regulation of crypto assets on multiple occasions and is seen as a policymaker with an open attitude toward the digital asset market.

According to Politico, the Senate Banking Committee last week passed a party-line vote to send the nomination of Miran to the full Senate for a vote and expedited the confirmation process to ensure he can officially take office before Tuesday's Intrerest Rate meeting.

The Federal Reserve Board of Governors personnel changes and political background

Miran will succeed Adriana Kugler, who resigned in August, with a term ending on January 31, 2026. After resigning, Kugler announced that she would return to teach at Georgetown University.

The appointment comes at a time when the controversy surrounding the independence of the Federal Reserve is intensifying in American politics. Former President Trump attempted to dismiss Federal Reserve Board of Governors member Lisa Cook, but this was rejected by the appellate court, marking the first time since the establishment of the Fed in 1913 that a president directly challenged the term of a board member.

Market Focus: Interest Rate Decisions and Crypto Policy Trends

Miran's joining has sparked heightened market attention regarding this week's FOMC Intrerest Rate decision and future Crypto Assets regulatory policy direction.

Due to his past support for digital assets, market observers believe that Miran may advocate for a more inclusive regulatory framework in future policy discussions, allowing more room for Crypto Assets and blockchain innovation.

At the same time, his voting rights may play a key role in the divergence of interest rate policies, especially when market expectations for interest rate cuts and inflation control show differences.

Conclusion

Stephen Miran's rapid appointment will not only immediately affect this week's interest rate decisions in the United States but may also influence the regulatory environment for Crypto Assets in the coming years. For investors, this is an important moment at the intersection of monetary policy and digital asset policy, warranting ongoing attention to his stance and voting tendencies within The Federal Reserve Board of Governors.