President Trump Nominates Crypto Advocate Stephen Milan as Federal Reserve Board Governor

2025/08/08 09:05 (Updated 2025/08/08 13:01)
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Written by L.Kikutani
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President Trump Nominates Crypto Advocate Stephen Milan as Federal Reserve Board Governor

Proponent of Cryptocurrency Regulation Rationalization

On the 8th, President Donald Trump announced the nomination of Stephen Milan, a cryptocurrency-friendly figure, to the Federal Reserve Board (FRB) as a governor.

Currently serving as the Chairman of the Economic Advisory Council, Milan will fill the vacant governor's post until January 31, 2026, after which a permanent successor will be sought.

The FRB's Board of Governors, including the Chair and Vice Chair, consists of seven members and functions as the supreme decision-making body for monetary policy. Milan, who earned his Ph.D. in Economics from Harvard University and served during the first Trump administration, was praised by President Trump for his 'unparalleled expertise in the field of economics.'

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日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
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Iolite Vol.15

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MAGAZINE

Iolite Vol.15

September 2025 issueReleased on 2025/07/30
Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.