Regulatory Policy

Focuses on global regulatory developments, policy changes, and compliance requirements. It provides in-depth analysis of government regulations and their impact on the cryptocurrency and blockchain industries, helping businesses and investors proactively manage policy-related risks.

The Final Seat on the Fed Chair Candidate List: What Is Rick Rieder's Stance on Crypto?

Former US President Trump is set to interview Rick Rieder, BlackRock’s Global Chief Investment Officer of Fixed Income, as the fourth and final candidate to potentially replace Fed Chair Jerome Powell. The shortlist also includes former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and Fed Governor Christopher Waller. A decision is expected in January. Rieder, a longtime fixed-income expert with over 17 years at BlackRock, has publicly expressed pro-crypto views since 2020. He has described Bitcoin as a durable asset with long-term value, comparing it to gold and endorsing its role in hedging against currency devaluation. He has also disclosed personal Bitcoin holdings and led BlackRock’s early moves into Bitcoin futures and its successful spot Bitcoin ETF (IBIT). If selected, Rieder could bring a more crypto-friendly stance to the Fed. He has advocated for significant rate cuts to around 3%, which may benefit risk assets like crypto. His influence could encourage further institutional adoption and support developments in tokenization, stablecoins, and DeFi. As of the latest Polymarket data, Rieder’s probability of becoming Fed chair is low at 7%, though it recently increased by 6%. The frontrunners remain Warsh (40%) and Hassett (38%). If chosen, Rieder would still require Senate confirmation—a process that could take months.

Odaily星球日报01/13 12:19

The Final Seat on the Fed Chair Candidate List: What Is Rick Rieder's Stance on Crypto?

Odaily星球日报01/13 12:19

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