According to The Kobeissi Letter, the White House has officially denied reports that US Treasury Secretary Bessent is being considered as the next Federal Reserve Chair, clarifying ongoing market speculation (Source: @KobeissiLetter, June 10, 2025). This statement removes immediate uncertainty around potential Fed leadership changes, which is critical for cryptocurrency traders monitoring monetary policy signals. The clarification reduces volatility risk linked to leadership rumors, helping Bitcoin and altcoin markets maintain focus on macroeconomic data rather than political speculation.