Techub News reports that, according to AMBCrypto, Donald Trump announced the nomination of Kevin Waugh as the new Federal Reserve Chair candidate. This move is expected to impact the cryptocurrency market. If Kevin Waugh takes office, his monetary policy stance may lean more hawkish, which typically means interest rates could remain high to combat inflation, potentially putting short-term pressure on risk assets including Bitcoin. However, some market perspectives believe that a clear policy path could reduce economic uncertainty and, in the long term, be beneficial for Bitcoin's positioning as an alternative store of value. The ultimate impact on Bitcoin's price will depend on the actual appointment outcome and subsequent policy implementation.