Wall Street heavyweights can’t sit still anymore.

Veteran financial journalist Charles Gasparino recently revealed that a group of top players from Wall Street and the American business world are collectively pressuring Trump, with one core demand: Don’t let Kevin Hassett become the next Federal Reserve Chair.

Who is Hassett? He’s currently the Director of the National Economic Council, a key member of Trump’s economic team. But that’s exactly where the problem lies—he’s too close to the White House.

The opposition’s logic is straightforward: Hassett has been Trump’s economic advisor for a long time, and the outside world already sees him as a “White House mouthpiece.” If someone like that is put in charge of the Fed, what will the markets think? How much independence will the Fed have left?

This isn’t a minor issue. On the night of December 3, Gasparino stated directly on X that this group from Wall Street is launching a “last-ditch effort”—his words were quite strong. Remember, every word from the Fed Chair can shake global markets, so this position is no joke.

Current Fed Chair Powell’s term ends in 2026, and speculation about his successor is already heating up. Hassett’s name once surged to an 85% probability of being chosen in prediction markets, but now it seems this personnel battle is far from settled.

For the crypto market, this development is one to watch closely. The Fed’s monetary policy directly impacts liquidity and risk appetite, and a change in leadership could mean major shifts in interest rate paths and regulatory stances. Who takes the position and how the market reacts—only time will tell.