A recent report by ChainCatcher reveals that former U.S. President Donald Trump has expressed support for Kevin Hassett regarding his potential appointment as Chair of the Federal Reserve.
Trump's Support for Hassett
According to ChainCatcher, Trump believes that current Fed Chair Jerome Powell should have lowered interest rates sooner. This stance highlights Trump's endorsement of Hassett as a candidate for the Fed Chair position. However, no official comments from Trump's verified accounts have been made, leaving many questions unanswered.
Market Reacts With Caution
Despite the reports of Trump's support, current market conditions remain stable. For instance, ETH and BTC funding rates have not shown significant deviations, remaining at 0.0056% and 0.0053% respectively. This indicates a resilience in market sentiment, unaffected by these speculative updates.
Minimal Impact on Cryptos
As of September 6, 2025, Trump's support for Hassett does not correlate with abrupt shifts in cryptocurrency market indexes. The price of Ethereum stands at $4,298.47 with a market capitalization of $518.85 billion. Coincu analysts suggest that the immediate impact on crypto assets is minimal, considering the lack of clear information from official sources.
Thus, despite speculation regarding Hassett's possible Fed Chair role and Trump's support, the impact on the crypto market remains limited under current conditions.
