US Senate committee advances Trump’s ‘crypto-friendly’ Fed pick

Stephen Miran has made few public statements on crypto or blockchain, but signaled in interviews before joining the Trump administration that he would support digital assets.

The US Senate Banking Committee has advanced the nomination of Stephen Miran to a temporary position on the Federal Reserve Board of Governors after another member resigned in August. 

In a Wednesday meeting, the banking committee voted along party lines, 13 to 11, to advance Miran’s nomination to the full Senate for consideration. All Democrats voted against the potential Fed governor, while Republicans, in the majority, voted in favor.

Miran, whom President Donald Trump picked to chair the Council of Economic Advisors in December, said during a hearing last week that he would not resign from his role advising the White House if his time as a Fed governor were extended past January. If confirmed, he would fill a term vacated by Fed member Adriana Kugler, ending on Jan. 31.  

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