There’s news going around that Trump might nominate Kevin Hassett as the next Fed Chair. If this really happens, the impact on the crypto market could be bigger than people imagine.

First, let’s talk about his stance—he’s a total dove. He’s previously stated publicly that “rate cuts should happen immediately.” Think about what that means: if he actually gets the job, the pace of rate cuts could be much more aggressive than it is now. Once liquidity starts flowing, major coins like Bitcoin and Ethereum have historically been the first to benefit.

Now, let’s look at his regulatory position. Hassett has served as an advisor to Coinbase and holds crypto assets himself. What does that background mean? At the very least, he’s not going to treat crypto like some kind of scourge. Restrictions on banks dealing with digital assets, compliance frameworks for stablecoins—those issues that have been stuck for years might finally loosen up under his watch. With fewer barriers for institutional money to enter, the possibilities really open up.

The timing is interesting too—the Fed just announced an end to quantitative tightening. The faucet is no longer being closed, and now all that’s missing is someone willing to really turn it on. If Hassett actually takes office, this could be the first time that both macro liquidity and regulatory attitudes turn positive for crypto at the same time.

Do you think he can get the job? And if he does, how far could the market go?