The current US Federal Reserve Chair Jerome Powell's term will end on May 15. Trump has stated that he will announce a successor within this month, but no specific date has been given yet. Interestingly, almost all of the finalists show a friendly attitude towards crypto assets, which is undoubtedly a positive signal for BTC and the entire digital currency ecosystem.

Let's start with Kevin Wash. He belongs to the reformist institutional camp, advocating rules, discipline, and long-term stability. He maintains an open attitude towards new technologies like blockchain and CBDC but also won't tolerate any speculative bubbles. If he takes over the Fed, monetary policy is likely to follow a prudent path—initially releasing rational easing expectations, then focusing on maintaining financial order. In this scenario, the crypto market would be a slow-variable positive, and medium- to long-term capital inflows could be expected.

Next, look at Reed. A typical Wall Street background, always thinking about risk diversification and macro hedging. He isn't particularly obsessed with crypto, mainly considering whether it can be used as a tool in investment portfolios. If he were to lead the Fed, decision-making might be more aligned with market sentiment and asset price fluctuations. Liquidity management would be more flexible, but policy direction might be less strong. Under such circumstances, the crypto market would be more susceptible to macro liquidity influences.

The third candidate is Christopher Waller. He is a technically oriented central banker, highly receptive to financial innovation, emphasizing efficiency and institutional innovation. His attitude towards crypto is straightforward—willing to promote industry development within the existing regulatory framework. If he were to ascend, policy communication would be more transparent, and regulatory approaches clearer. This could provide solid medium-term support for a compliant crypto ecosystem.

Finally, Kevin Hasset. Deep down, he still has the tone of a White House economic advisor, focusing on fiscal policy, employment, and political stability, with low sensitivity to the Fed's monetary independence. If he remains within the administrative system, it wouldn't be surprising if he withdraws from the competition. Even if he takes office, his primary concern would be the macroeconomic landscape, with cryptocurrencies not on his core agenda, making market expectations prone to repeated manipulation.

Ultimately, changes in odds are not just emotional hype. Wash indeed best fits current needs—stabilizing inflation expectations, advancing technological transformation, and reshaping financial order. For traders, this environment may not heat up quickly, but its sustainability is relatively solid.