Federal Reserve power player Neil Kashkari has recently become a hot topic in the crypto community. This guy holds a voting right on monetary policy, with a complex background—he has political ties to Trump and his views on cryptocurrencies directly impact the market.

First, let's talk about his relationship with Trump. Kashkari is from a Republican background and once ran for governor of California as a Republican. In the investment circle, he is even seen as Trump's "most suitable candidate" for the next Federal Reserve Chair. The two share a resonance on monetary policy—Kashkari has been signaling the possibility of rate cuts, which is exactly what Trump wants to hear. However, they are not entirely aligned. In response to Trump's tariff policies, Kashkari has repeatedly sounded the alarm, emphasizing that trade wars will push up inflation, and monetary policy needs to be carefully balanced. He believes that quickly advancing trade agreements is the way to avoid an economic recession.

What the crypto community cares most about is his true attitude towards cryptocurrencies. To put it bluntly, Kashkari is the kind of "opposition" figure. He has explicitly stated that besides speculation tools, cryptocurrencies have little practical use in developed economies and are essentially toys. On regulation, he also takes a firm stance, believing that cryptocurrencies should be regulated by the U.S. SEC and not by the Federal Reserve alone. This clear stance has made crypto investors take his words seriously.

This financial figure, who once led a $700 billion bailout plan, will hold a key voting right as an FOMC voting member by 2026. If he truly becomes the Fed Chair in the future, the impact on the cryptocurrency market might not be good news.