Greed

FOMC

Jerome Powell

Chair

<p><strong>Sen. Cynthia Lummis has criticized Federal Reserve Chair Jerome Powell for keeping Gov. Stephen Miran, viewed by crypto advocates as a Bitcoin-friendly voice, off the central bank’s internal board committees, according to unconfirmed reports circulating in crypto media. The Fed’s own Board Members page confirms Miran is listed as a sitting governor but does not appear on any of the standing committees shown.</strong></p>
<p>According to unconfirmed social posts attributed to the Wyoming senator, Lummis framed Miran’s exclusion from committee work as a deliberate snub by Powell. No primary-source Lummis statement or Senate release confirming that specific complaint was located at the time of writing, and the Federal Reserve has not publicly explained the committee roster.</p>
<p>What is verifiable is the Fed’s own roster. The Board Members page, last updated on March 13, 2026, lists Miran as a governor yet omits him from every standing committee shown, <a href="https://www.federalreserve.gov/aboutthefed/bios/board/default.htm" rel="noopener noreferrer nofollow">on the Federal Reserve’s official board page</a>.</p>
<h2 id="why-the-committee-absence-matters">Why the Committee Absence Matters</h2>
<p>Fed governors typically sit on several internal committees covering regulation, community banking, staffing, budget, and regional-bank oversight, <a href="https://www.channelnewsasia.com/world/trump-economic-adviser-stephen-miran-senate-federal-reserve-5351026" rel="noopener noreferrer nofollow">Reuters reported via Channel News Asia</a> when Miran joined the Board. Those assignments are how a governor influences day-to-day policy mechanics beyond the FOMC vote.</p>
<p>Miran was sworn in on September 16, 2025, and his statutory term expired on January 31, 2026. He stepped down from the White House Council of Economic Advisers and can remain on the Fed’s Board until a successor is confirmed by the Senate, <a href="https://apnews.com/article/federal-reserve-miran-trump-94ab5f9ec2af0540b0a85b2a5ff2b713" rel="noopener noreferrer nofollow">the Associated Press reported</a> on February 4, 2026.</p>
<p>That interim status is the backdrop to the committee question: a governor serving on borrowed time, with no standing committee seat, has fewer institutional levers than colleagues with full portfolios.</p>
<h2 id="the-crypto-friendly-framing-rests-on-one-speech">The Crypto-Friendly Framing Rests on One Speech</h2>
<p>The “Bitcoin-friendly” label that crypto outlets have attached to Miran is most directly supported by his own words on digital assets rather than Bitcoin specifically. In a Federal Reserve speech on November 7, 2025, Miran said he was greatly encouraged by the GENIUS Act and argued that stablecoin growth could increase demand for Treasurys and lower the neutral interest rate.</p>
<p>In the same remarks, Miran pointed to projections that the stablecoin market could expand substantially by the end of the decade, framing that growth as a structural factor for monetary policy.</p>
<figure>
 <div>
  Projected stablecoin growth by end of decade
 </div>
 <div><a href="https://www.federalreserve.gov/newsevents/speech/miran20251107a.htm" rel="noopener noreferrer nofollow">$1 trillion to $3 trillion</a>
 </div>
 <figcaption>
  Miran said that scale of stablecoin growth could increase demand for Treasurys and affect the neutral interest rate.
 </figcaption>
</figure>
<p>His exact line from the speech was direct:</p>
<blockquote>
 <p>“While I tend to view new regulations skeptically, I’m greatly encouraged by the GENIUS Act.”</p>
</blockquote>
<p>That stance, pro-stablecoin and skeptical of heavy new rules, is what crypto watchers are defending when they treat the committee exclusion as a policy signal. A primary-source statement tying Miran specifically to Bitcoin was not located in the fetched evidence.</p>
<h2 id="what-the-dispute-signals">What the Dispute Signals</h2>
<p>The underlying tension is institutional. A sitting senator publicly challenging the Fed chair over a personnel-adjacent decision is unusual, and it lands while the industry is already weighing <a rel="noopener noreferrer nofollow">what Fed liquidity decisions mean for Bitcoin</a> and <a rel="noopener noreferrer nofollow">broader macro positioning</a>. Lummis has been one of the Senate’s most vocal Bitcoin advocates, and the framing of Miran as an ally inside the Fed is consistent with that posture.</p>
<p>For readers tracking institutional flows alongside Fed politics, the Miran question sits next to other signals such as <a rel="noopener noreferrer nofollow">BlackRock’s reported Bitcoin purchases</a>. None of these threads resolves the specific question of why the Board’s March 13, 2026 roster leaves Miran without a standing committee seat.</p>
<p>Bitcoin traded near $74,005 during the period the dispute surfaced, with the <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow">Fear &amp; Greed Index</a> at 23, or Extreme Fear. The Fed has not publicly addressed Miran’s committee status, and no Senate release confirming Lummis’s reported remarks has been published.</p>
<p>Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.</p>
<p>The article <a href="https://theccpress.com/?p=43078" rel="noopener noreferrer nofollow">Cynthia Lummis Blasts Powell Over Bitcoin-Friendly Miran Snub</a> first featured on <a href="https://theccpress.com/" rel="noopener noreferrer nofollow">theccpress.com</a>.</p>

Cynthia Lummis Blasts Powell Over Bitcoin-Friendly Miran Snub

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