Structured Analytical Report: Bloomberg Crypto Segment (2025-11-25)

A Bloomberg Crypto segment published on November 25, 2025, covers two key topics:

1. Kevin Hassett emerging as the frontrunner for the next U.S. Federal Reserve Chair
2. The resurgence of SPACs (“Special Purpose Acquisition Companies”) linked to “Crypto DATS” (a term not clearly defined in available sources)

a.

: White House economic adviser Kevin Hassett is the leading candidate for the next Federal Reserve Chair, per Bloomberg News reports cited by Reuters [1] and Yahoo Finance [2].
b. : Hassett publicly supports lower interest rates, stating he would “be cutting rates right now” if in the Fed Chair role [3].
c. : Over 110 SPACs raised $23.3 billion in the first 10 months of 2025, marking a significant rebound from recent years [4].
d. : The Fed Chair announcement is expected before Christmas 2025, with Jerome Powell’s term expiring in May 2026 [3].

Hassett, current Director of the White House National Economic Council, is viewed as a close ally of President Trump due to his alignment with Trump’s dovish monetary policy preferences [3]. The selection process has narrowed to five finalists (including Hassett, Kevin Warsh, Michelle Bowman, Christopher Waller, and Rick Rieder) [3]. His public advocacy for immediate rate cuts signals a potential shift toward looser monetary policy if appointed [3].

The SPAC market has rebounded in 2025, with $23.3 billion raised year-to-date—this is a 2x+ increase from the combined total of the previous two years but still 7x lower than the 2021 peak ($162 billion) [4]. The revival is driven by rising market sentiment and investor demand for high-risk, high-reward investment structures [4]. Crypto-related SPACs (with crypto treasuries or focus) are part of this trend, indicating growing institutional acceptance of crypto assets [4].

No search results explicitly define or mention “Crypto DATS” in the context of SPACs. This term may refer to a specific crypto token, platform, or data standard, but available sources do not provide clarity [4].

If appointed, Hassett’s dovish stance (favoring lower rates) could:

• Reduce the opportunity cost of holding non-interest-bearing assets like cryptocurrencies, potentially boosting crypto prices [3].
• Stimulate risk-taking in financial markets, benefiting SPACs and crypto-linked investments [4].

The resurgence of SPACs tied to crypto signals:

• Growing institutional confidence in crypto as a legitimate asset class [4].
• Increased access to capital for crypto-related projects via SPAC mergers [4].

Without clarity on “Crypto DATS,” the specific impact of SPACs linked to this term remains unknown. This could limit investor understanding of the segment’s second topic [4].

• Fed Chair Term
  : Jerome Powell’s current term expires in May 2026 [3].
• SPAC Context
  : The 2025 SPAC revival is a partial recovery—far below the 2021 bubble but a sign of renewed investor interest in alternative investment structures [4].
• Hassett’s Background
  : He previously served as Chair of the Council of Economic Advisers under President Trump (2017-2019) [1].

a.

: No sources explain what “Crypto DATS” refers to or how SPACs are linked to it.
b. : No details on individual SPACs associated with Crypto DATS.
c. : No public statements from Hassett on cryptocurrencies are available in the search results.

[1] Reuters. “Hassett emerges as frontrunner to be Trump’s next Fed chair, Bloomberg News reports.” Nov 25, 2025. URL: https://www.reuters.com/world/us/hassett-emerges-frontrunner-be-trumps-next-fed-chair-bloomberg-news-reports-2025-11-25/
[2] Yahoo Finance. “Hassett emerges as frontrunner to be Trump’s next Fed chair …” Nov 25, 2025. URL: https://finance.yahoo.com/news/hassett-emerges-frontrunner-trumps-next-171919237.html
[3] MPAMag. “Trump expected to announce Federal Reserve chair before Christmas.” Nov 25, 2025. URL: https://www.mpamag.com/us/mortgage-industry/industry-trends/trump-expected-to-announce-federal-reserve-chair-before-christmas/557834
[4] Yahoo Finance. “Wall Street’s Wildest Gamble Is Back: SPACs, Crypto Hoards, and …” Nov 25, 2025. URL: https://finance.yahoo.com/news/wall-streets-wildest-gamble-back-165113573.html

---

: This analysis is based on publicly available information as of November 25, 2025. It does not constitute investment advice or professional guidance. Information gaps (e.g., Crypto DATS definition) limit the completeness of this report.