Kevin Hassett has emerged as the leading candidate to succeed Jerome Powell as Federal Reserve Chair. This potential appointment is being closely monitored by financial market participants due to the significant impact Fed leadership has on global monetary policy, including the valuation of risk assets. Hassett currently serves as the director of the National Economic Council and has deep ties to the crypto industry, having previously advised Coinbase on regulatory matters. His background includes significant stock holdings in the sector, distinguishing him from other potential candidates. Market observers view his potential appointment as a signal for a possible shift toward a more accommodating regulatory environment for digital assets, while President-elect Trump seeks a candidate who can balance calls for lower interest rates with maintaining investor confidence. [Update 1] Prediction market data from Polymarket indicates a surge in confidence regarding Hassett's nomination, with his odds rising above 50%. Reports suggest the selection process is narrowing, further solidifying his position as the frontrunner.