The Trump administration is considering 11 candidates for the position of Federal Reserve Chair as Jerome Powell’s term ends in May. At least three of them have previously demonstrated a positive stance toward cryptocurrencies.

Treasury Secretary Scott Bessent said on Fox News Wednesday that they have 11 “very strong candidates” for the Fed Chair position, who he will begin vetting and selecting from next month.

According to CNBC on August 13, citing two administration officials, the list of candidates includes Dallas Fed President Lorie Logan, former St. Louis Fed President James Bullard, Fed Vice Chair Philip Jefferson, and Fed Governor Chris Waller.

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Trump Chooses New Fed Chair: Three Candidates Support Cryptocurrencies