According to the source, the U.S. Senate has confirmed Stephen Miran to the Federal Reserve Board of Governors, as stated in a post on X dated Sep 16, 2025; source: X post dated Sep 16, 2025. Board members influence monetary policy and supervision through their roles alongside the FOMC, making composition changes relevant for markets; source: Federal Reserve Board — About the Board of Governors. Traders should monitor CME FedWatch implied rate probabilities, the U.S. 2-year Treasury yield, and DXY for any repricing that can spill over to BTC and ETH given their sensitivity to liquidity and real yields noted in institutional research; source: CME Group FedWatch Tool; Coinbase Institutional macro research on crypto and rates (2023). Track the upcoming FOMC calendar and statements to gauge participation timing and any changes in forward guidance or dot plot that may impact crypto risk appetite; source: Federal Reserve — FOMC calendar and policy statements.