Senate confirms crypto-friendly attitude towards cryptocurrency ahead of interest rate meeting Stephen Miran is a member of the Federal Reserve Committee

The U.S. Senate confirmed Stephen Miran as the Fed's director with 48 votes in favor and 47 votes against. Milan, a former Hudson Bay strategist, participated in the trial of the FTX bankruptcy case, advocated simplifying cryptocurrency regulation. His appointment was quickly confirmed ahead of the Fed's interest rate setting meeting on Tuesday. He will take over Adriana Kugler's position in 2026 amid ongoing tensions between the Trump administration and the Fed.