According to The Kobeissi Letter, the White House has officially denied reports that US Treasury Secretary Bessent is being considered as a contender for the next Federal Reserve Chair (source: The Kobeissi Letter, June 10, 2025). This clarification removes recent uncertainty in US monetary policy leadership, reducing potential volatility in both the stock and cryptocurrency markets. Crypto traders should note that a stable outlook for Fed leadership typically results in reduced speculation on interest rate policy changes, supporting more predictable short-term trading conditions for Bitcoin and major altcoins.