Trump has made another big move at the White House—this time, he almost explicitly told the market who the next Fed chair will be.

The incident happened at an event on Tuesday. When Trump was introducing the guests, he deliberately pointed the camera at National Economic Council Director Kevin Hassett and bluntly said he was a "potential Fed chair candidate." Trump’s exact words were even more direct: "These people are all excellent... I suspect there’s a future Fed chair hiding here. Can I say that? Anyway, I’m certain he’s a highly respected figure. Kevin, thank you."

What’s even more explosive is that—earlier at a cabinet meeting, Trump revealed that the selection process for the new chair was "down from 10 to just 1." Connecting these two statements? It’s basically just one step away from an official announcement.

After the news broke, prediction markets went wild. On the Kalshi platform, Hassett’s probability of being selected instantly soared from 66% to 85%, and the same trend was seen on Polymarket. Money is voting with its feet, indicating the market is already pricing in this outcome in advance.

Why is the market so excited? Hassett, 51, was just appointed as Economic Council Director in January this year and oversees a range of economic issues, including digital asset policy. Even more crucial—he holds about $1 million in shares of a compliant exchange, making him a definite crypto-friendly candidate.

A change in Fed chair + possible policy loosening? That’s no small matter for the crypto world.