Republican

Cryptocurrency

Read

Reserve

<div class="key-points-section"><b>Key Points:</b>
 <ul>
  <li>Stephen Milan advances in nomination process, potentially affecting monetary policy.</li>
  <li>Confirmation vote set for next Monday in full Senate.</li>
  <li>Possible shifts in Fed policy could impact cryptocurrencies like BTC and ETH.</li>
 </ul>
</div>
<p>The U.S. Senate Banking Committee has approved Stephen Milan's nomination to the Federal Reserve Board with a 13-11 vote, setting the stage for full Senate confirmation next Monday.</p>
<p>Milan's confirmation could influence upcoming Federal Reserve policies, particularly the anticipated rate cut, impacting cryptocurrency markets including Bitcoin and Ethereum.</p>
<h2 id="senate-committee-pushes-milan-s-fed-nomination-forward">Senate Committee Pushes Milan's Fed Nomination Forward</h2>
<p>The U.S. Senate Banking Committee has advanced Stephen Milan's nomination to the Federal Reserve Board with a 13-11 vote along <strong>partisan lines</strong>. This decision moves Milan closer to official confirmation by the Senate, a key element in President Trump's efforts to influence the Fed's future direction.</p>
<p>Whether Milan can be confirmed in time before the Federal Reserve's interest rate meeting ... will be very challenging. Launching a new process will also take a lot of time.</p>
<p>Lawmakers and industry leaders are closely watching the process. Republican Senator Cynthia Lummis highlighted ongoing challenges in ensuring a timely confirmation before important Federal Reserve meetings. Market participants are also speculating on the <a href="https://phemex.com/news/article/bank-of-england-governor-expresses-concern-over-federal-reserves-situation-17433" rel="noopener noreferrer nofollow">potential impacts</a> of Trump's majority influence on the Fed.</p>
<h2 id="milan-s-potential-influence-on-cryptocurrency-market-dynamics">Milan's Potential Influence on Cryptocurrency Market Dynamics</h2>
<p style="background-color: #222222; color: #ffffff; padding: 10px; border-radius: 5px;"><strong>Did you know?</strong> Similar Federal Reserve appointments during President Trump's term, including those of Judy Shelton, have historically sparked market speculation, though actual policy shifts, such as rate cuts, led to significant movements in both traditional and crypto markets.</p>
<p>According to CoinMarketCap, Bitcoin (BTC) currently stands at $114,088.30 with a market cap of approximately $2.27 trillion and a market dominance of 57.47%. Recent price movements indicate a 2.26% increase over the past 24 hours, while the broader 30-day and 90-day changes show -5.00% and 6.04%, respectively. These figures reflect ongoing market volatility and the potential impact of broader economic factors.</p>
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/09/Bitcoin-daily-chart-on-1445-UTC-on-September-10-2025file.jpeg" rel="noopener noreferrer nofollow"> <img src="https://coincu.com/wp-content/uploads/2025/09/Bitcoin-daily-chart-on-1445-UTC-on-September-10-2025file.jpeg" alt="bitcoin-daily-chart-3262"> </a>
 <figcaption>
  Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 14:45 UTC on September 10, 2025. <em>Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a></em>
 </figcaption>
</figure>
<p>Insights from the Coincu research team suggest that Milan’s confirmation could influence regulatory attitudes towards digital assets. Historical data shows that Federal Reserve actions can lead to increased <strong><a href="https://coincu.com/markets/crypto-market-volatility-equity-decline/" rel="noopener noreferrer nofollow">crypto-market volatility</a></strong> as investors adjust their strategies to new macroeconomic signals.</p>
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color has-fixed-layout">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure> <a href="https://coincu.com/uncategorized/senate-committee-approves-milan-fed-board/" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Senate Committee Approves Milan for Federal Reserve Board

Table of Contents

Coincu

Other articles published on Sep 10, 2025

Join our free newsletter for daily crypto updates!