Source: Polymarket plans to launch a native token, but not soon

The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…

The post U.S. Fed’s Miran Says Policy Needs to Adjust to Stablecoin Boom That Could Reach $3T appeared on BitcoinEthereumNews.com. U.S. Federal Reserve Governor Stephan Miran, the newest member of the board of governors after his recent confirmation, pointed a spotlight on stablecoins and the potential that their explosive growth — especially by foreign users — will have heavy consequences for monetary policy. “Stablecoins may become a multitrillion dollar elephant in the room for central bankers,” Miran said in a Friday speech in New York. He said that Fed staff projects “uptake reaching between $1 trillion and $3 trillion by the end of the decade.” “In total, under $7 trillion in Treasury bills are outstanding today,” he said. “If these forecasts prove accurate, the magnitude of additional demand from stablecoins will be too large to ignore. Miran, who was an economic official in President Donald Trump’s administration before he joined the Fed, said he thinks it’s unlikely that stablecoins will be the drain on U.S. bank deposits that the bankers are keenly concerned about, arguing that the new stablecoin law — the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act — doesn’t directly allow for yield. “I therefore expect most demand for stablecoins to come from locales unable to access dollar-denominated saving instruments, boosting demand for dollar assets,” he said at the BCVC Summit 2025. “If a global stablecoin glut is driven by flows out of foreign currencies and into the U.S. dollar, it will, all else equal, make the dollar stronger,” Miran said. “Depending on the strength of this effect relative to other forces affecting the Fed’s price-stability and maximum-employment mandates, that might be something that monetary policy reacts to.” Stablecoins are the dollar-tied tokens that the crypto sector relies on as a steady component of trades and contracts, and their issuers — such as Tether with its USDT and Circle with its USDC — are…

A popular community figure has pushed back against predictions that XRP will eventually reach an ambitious target of $10,000 to $50,000 per token. Like many cryptocurrencies, XRP has attracted its share of bold predictions.Visit Website