Recently, Wall Street has been paying close attention to an ultimate showdown over economic policy—the two Kevin contenders vying for the Federal Reserve Chair position. This is not just a power struggle; it directly relates to the future direction of U.S. monetary policy over the next five years, and its impact on the crypto market can be imagined.

Trump has already made it clear that the next Fed Chair must be one of these two Kevins. One is Kevin Hasset, and the other is Kevin Waugh. The odds in the prediction markets are changing daily. The essence of this contest is a decisive battle over the direction of U.S. monetary policy, far from a simple technical debate.

First, let's talk about Kevin Hasset. This guy is a staunch supporter of Trump, having served as Chairman of the White House Economic Advisory Council, and now he is the Director of the National Economic Council. On the surface, he is a traditional macroeconomist, but here’s the key—his relationship with the crypto world is not ordinary. Hasset owns millions of dollars worth of Coinbase stock and has also served as an advisor to Coinbase. What does this mean? It’s not just talk on paper; real money has been invested in this market. Historically, there has never been a Fed Chair candidate with such a background.

The other Kevin, Waugh, is different. He is a veteran of the traditional financial system, having served as a Federal Reserve Board member, with a deep understanding of the conventional financial framework. The competition between the two actually represents two different economic philosophies—one more open and supportive of emerging assets, the other more committed to the traditional central banking logic.

Who wins this showdown will directly influence the Fed’s attitude toward crypto assets, and in turn, affect the entire market’s liquidity and policy environment. Every investor’s wallet is tied to this contest.