nominee

According to Jinshi reports, U.S. President Trump will hold the swearing-in ceremony for Federal Reserve Chair nominee Waller on Friday.

The Web3 asset data platform RootData has outlined the cryptocurrency portfolio of Federal Reserve nominee Kevin Warsh, covering multiple areas including blockchain infrastructure, on-chain financial protocols, institutional financial services, and application tools. Structurally, Warsh's layout can be divided into four major sectors:Underlying Infrastructure: Networks and scaling solutions such as Solana, Optimism, and Lightning Network;On-chain Finance: DeFi and trading protocols like Compound, dYdX, and Polymarket;Institutional and Financial Services: Asset management, banking, and funding channels such as Polychain, Scalar Capital, Kinetic, and OnJuno;Applications and Tools: User entry and development tool projects like Dapper Labs, Crossmint, and Tenderly.Overall, Warsh's strategy of layering financial protocols on top of infrastructure and focusing on controlling institutional funding channels shows a clear difference from typical crypto-native VC approaches, aligning more closely with traditional financial background investors' concerns about market structure and institutional levels.It is reported that on April 21, Warsh held a confirmation hearing before the Senate Banking Committee. According to his recent compliance disclosure documents, if he enters the regulatory system in the future (such as leading the Federal Reserve), he will need to dispose of relevant holdings.

Federal Reserve Chair nominee Waller stated: will be independent of President Trump. I don't know the reason President Trump chose me. He indicated that after selling assets, he would allocate funds to compliant assets as close to short-term government bonds and cash as possible. The independence of the Federal Reserve depends on the Federal Reserve itself. Presidents typically tend to favor interest rate cuts.

According to Jin Shi reports, the U.S. Congress will hold a confirmation hearing for Federal Reserve Chair nominee Waller on Tuesday local time. Waller has pledged to maintain strict independence on interest rate issues. He stated that interest rate decisions must be independent of political considerations, monetary policy should not be a tool for short-term political goals, and emphasized that the credibility of the Federal Reserve comes from institutional constraints and policy discipline. Waller also warned against extending the central bank's functions into areas of fiscal policy or social policy where it lacks statutory authority.

Crypto journalist Eleanor Terrett reported that the financial disclosures of Federal Reserve Chair nominee Waller show that he holds early-stage investments through employment-related investment vehicles, covering a wide range of areas, including some crypto infrastructure projects. The projects involved include: Compound (decentralized lending protocol), Optimism and Blast (Ethereum Layer 2 network), as well as Solana, in addition to trading infrastructure, crypto investment firms, and platforms in various fields such as artificial intelligence and biotechnology. These holdings appear to be relatively small, with poor liquidity, and have not generated reportable income, indicating a preference for indirect venture capital-style exposure rather than direct, tradable liquid assets.

According to a report by Reuters, Federal Reserve Chairman nominee Kevin Warsh's latest financial disclosure shows that his personal assets exceed $100 million, which includes two holdings in Juggernaut Fund LP, each over $50 million, as well as small early investments in several emerging technology and financial companies through an entity named DCM Investments 10 LLC.The related targets include SpaceX, owned by Elon Musk, the prediction market platform Polymarket, the Ethereum development platform Tenderly, the crypto financial services platform Lemon Cash, the new consumer credit bank Stashfin, as well as the AI vector art platform Recraft, AI physical security software Volt, the autonomous AI labor platform 11x, the protein engineering company Outpace Bio, the social event platform Partiful, the robotic coffee bar platform Cafe X, and projects developing herpes vaccines, reversible male contraceptives, "bionic" assistive clothing, and the digital avatar platform Delphi AI.

According to Punchbowl, the hearing for Federal Reserve Chair nominee Waller is scheduled for April 21.

According to a report by the Korea Herald, the nominee for the governor of the Bank of Korea, Shin Hyun-sung, stated in a written response during a personnel hearing at the National Assembly that central bank digital currency (CBDC) and commercial bank deposit tokens based on its issuance should become the core of the digital currency ecosystem. Shin Hyun-sung expressed basic support for the introduction of a Korean won stablecoin but emphasized that maintaining trust in the currency is the most important.Regarding the issuing entity of the Korean won stablecoin, he believes that South Korea is not a reserve currency country, and compliance capability is crucial. Therefore, he suggested prioritizing the issuance by a bank-centered alliance, allowing non-bank institutions to participate, and gradually expanding later. Shin Hyun-sung holds a cautious attitude towards the claim that stablecoins can enhance foreign exchange trading efficiency, believing that it is still unclear whether blockchain can comply with capital and foreign exchange regulations. He also stated that crypto assets, including stablecoins, have failed to meet the core functions of currency such as a measure of value, medium of exchange, and store of value, asserting that crypto assets cannot replace fiat currency.

According to Punchbowl, two sources familiar with the plans revealed that the Senate Banking Committee plans to hold a nomination hearing for Kevin Warsh to become the Chairman of the Federal Reserve as early as the week of April 13. The specific date is still uncertain and will depend on whether Warsh submits complete materials to the committee.

According to Jinshi Data, the U.S. Senate has not yet received the hearing-related documents for the Federal Reserve Chair nominee, Waller.

According to Jinshi News, Federal Reserve Chairman nominee Kevin Warsh will meet with a Republican senator this week, who previously obstructed the nomination confirmation due to opposition to Trump's attacks on the Federal Reserve.Warsh's meeting aims to resolve differences and advance the nomination, reflecting the Trump administration's intent to intervene in the independence of the Federal Reserve. This event could impact the leadership changes at the Federal Reserve and the future direction of U.S. monetary policy.

According to Jinshi, U.S. President Trump stated that he believes Federal Reserve nominee Waller may receive votes from Democrats and hopes Waller will lower interest rates.

The President of the United States, Donald Trump, stated that he will announce the Federal Reserve Chairman candidate tonight Beijing time (tomorrow morning local time in the U.S.). (Jin Shi)

President Trump of the United States stated that he will announce the Federal Reserve Chairman nominee next week.

According to Jinshi News, U.S. President Trump stated in a speech in Iowa: "I will soon announce the nominee for the Federal Reserve Chairman."Market analyst Ghiles Guezout pointed out that this announcement could come as early as today. Trump has made a decision regarding Powell's successor.Financial website Investinglive analyst Eamonn Sheridan believes that Trump may announce this nominee during the Federal Reserve's January policy meeting to influence the direction of policy. The Federal Reserve FOMC will announce the interest rate decision at 03:00 Beijing time on Thursday.

Trump stated today that he hopes the next Federal Reserve chair will be like Alan Greenspan, who served as chair for a long time in the 1990s. He does not believe that strong economic growth necessarily leads to inflation or requires interest rate hikes, and he disagrees with the market's overreactions.During Greenspan's tenure, he cut interest rates in the early years and raised them later, allowing high-risk assets to rise. His policies fueled the tech stock bubble, which contributed to economic prosperity but also laid the groundwork for the 2000 internet crash. The later low-interest environment indirectly contributed to the 2008 housing crisis.

According to Jinshi reports, U.S. Treasury Secretary Mnuchin stated that President Trump is expected to make a decision on the Federal Reserve chair nominee as early as next week, with only four candidates remaining.

According to Jinshi reports, U.S. Republican Senator Tillis stated that he will not confirm any nominees for the Federal Reserve, including the chair, until Powell's legal case is resolved.

According to Jinshi News, next week will welcome the Christmas market, with U.S. stocks closing early on Wednesday and remaining closed all day on Thursday. The market is focused on whether Trump will announce the nominee for the Federal Reserve Chair during the Christmas period. Currently, Kevin Hasset, the Director of the National Economic Council, has a significantly higher probability of becoming the next Federal Reserve Chair at about 54%. Former Federal Reserve Governor Kevin Warsh has a nomination probability of about 21%, while Federal Reserve Governor Christopher Waller has a nomination probability of about 14%. Important macro events and data for next week are as follows:Tuesday:U.S. Q3 real GDP annualized quarterly rate preliminary;U.S. Q3 real personal consumption expenditures quarterly rate preliminary;U.S. Q3 core PCE price index annualized quarterly rate preliminary;Wednesday:Bank of Canada releases monetary policy meeting minutes;U.S. initial jobless claims for the week ending December 20;Thursday:Bank of Japan Governor Ueda Kazuo delivers a speech at the Japan Business Federation;Japan's November unemployment rate;Market Closure Reminder: The Hong Kong Stock Exchange will have a half-day session on Wednesday, and the New York Stock Exchange will close early at 02:00 Beijing time on the 25th; U.S. stocks will be closed on Thursday for Christmas.