The U.S. Senate has confirmed Stephen Miran as a member of the Federal Reserve Board with a narrow vote of 48 to 47. Miran, known for his crypto-friendly stance, will serve until January 31, 2026. Previously, he was a senior strategist at Hudson Bay, an investment firm involved in trading FTX bankruptcy claims. Miran has advocated for simplified crypto regulations. His confirmation was expedited to ensure his participation in the Federal Reserve's interest rate meeting on Tuesday.