Among the candidates for Fed chair, 4 have a friendly attitude towards encryption, and the final list of candidates will be confirmed in September.

On August 28, U.S. Treasury Secretary Basant said last night that there are 11 candidates for the Fed chair position, all of whom are strong. Interviews will begin after Labor Day (which is September 1 this year) and a final list will be submitted to Trump. The known candidates who are clearly crypto-friendly include David Zervos, Chief Market Strategist at investment bank Jefferies; Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock; Fed official Bowman; and Fed Governor Waller. David Zervos and Rick Rieder have participated in entity activities related to Crypto Assets, including supporting the trading platform eToro, stablecoin issuer Circle Internet Group, crypto trading platform Bullish, and crypto-based lending institution Figure Technology Solutions in their recent public listings. David Zervos also early supported Michael Saylor's MicroStrategy Bitcoin acquisition plan. Bowman, as the Fed's top regulatory official, stated on August 20 that central bank employees should be allowed to invest a small amount in Crypto Assets to help them understand the technology, adding that this will aid in "a practical understanding of the underlying functions." Fed Governor Waller stated a day later that the banking industry has "nothing to fear" from Crypto Assets payments operating outside the traditional banking system, as it is "just a new technology for transferring objects and recording transactions."