Treasury announced Friday that Judy Shelton will advise Bessent on currency policy, with a particular focus on China's financial conditions, according to CNBC. The Senate blocked Shelton's 2019 Federal Reserve nomination. Shelton's monetary views favor gold rather than Bitcoin, and Bitcoin showed no reaction tied to Shelton's appointment. The clearest potential effect on crypto comes through China currency policy, but whether Bitcoin and XRP can benefit remains an open question.