Trump's Rejected Fed Pick Joins Treasury: Can Bitcoin and XRP Benefit?

Judy Shelton—whose 2019 Fed nomination was blocked by the Senate—has joined the U.S. Treasury as an adviser, prompting traders to ask what it could mean for crypto assets like Bitcoin (BTC) and XRP. Treasury says Shelton will advise Bessent on currency policy, with a focus on evaluating financial conditions in China. Markets have seen no distinct reaction to her name before, including a Sept. 16 report by The New York Times. Shelton’s past views have aligned more with gold than crypto, though her work does touch on monetary competition. The appointment’s clearest tie to crypto is China-focused currency policy.