Kevin Hassett, the White House National Economic Council Director, has emerged as a leading candidate for the next Federal Reserve Chair, according to sources. Hassett is considered the candidate most aligned with Trump's preference for interest rate cuts. Treasury Secretary Scott Bessent is overseeing the selection process, narrowing the field to five candidates: Hassett, Kevin Warsh, Christopher Waller, Michelle Bowman, and BlackRock's Rick Rieder. Hassett's previous role as an advisor to Coinbase Global Inc., where he holds at least $1 million in shares, has been noted in earlier reports. This connection to the cryptocurrency sector adds a unique dimension to his candidacy for the Federal Reserve's top position.