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Cardano Founder Hints at Trump’s Crypto Edge Over Kamala

October 9, 2024
Latest Crypto Fear & Greed Index

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  • Trump’s Treasury Secretary Pick: Warsh or Powell? On November 22, BlockBeats news reported that US President-elect Trump has proposed to select financier Kevin Warsh as his Treasury Secretary. However, there is an understanding that when Jerome Powell’s term as Fed chairman ends in 2026, Warsh may be nominated to lead the Fed. Trump discussed possible arrangements with Warsh at his private club Mar-a-Lago in Florida on Wednesday. Warsh is the favorite to lead the Treasury Department, but as of Thursday evening, Trump had not decided who he would choose for the key Cabinet post. Some people familiar with the matter said Trump is still weighing how to handle the vacancy as Fed chairman and may not make a final decision until Powell’s term ends in May 2026. Some of them said Trump is considering appointing investor Scott Bessent to lead the National Economic Council, and if Warsh becomes Fed chairman, Bessent will be nominated to be the Treasury chief later in his term. The news comes as the US faces economic uncertainty amid the COVID-19 pandemic and the ongoing trade war with China. Trump’s choice for Treasury Secretary will be closely watched as he seeks to rebuild the US economy and negotiate trade deals with other countries. Warsh and Powell are both experienced economists and financial experts, and either one would bring a wealth of knowledge and experience to the role. The final decision will rest with Trump, but it remains to be seen who he will ultimately choose for the key Cabinet post.
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  • Celo PH DAO, Mento Labs Introduce $PUSO: Decentralized Stablecoin for the Philippines
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