The nomination announced on August 8 by The Block, as reported by PANews, fills the vacancy left by Adriana Kugler, emphasizing Miran’s push for streamlined cryptocurrency regulation and diverse financial experience.
On August 8, US President Trump officially announced Stephen Miran’s appointment to the Federal Reserve Board of Governors until January 31, 2026. Miran, currently chair of the Council of Economic Advisors and a former senior strategist at Hudson Bay, replaces Adriana Kugler. The nomination highlights his advocacy for streamlined cryptocurrency regulation amid recent disagreements with Fed Chairman Powell.