Kevin Warsh poised for Senate confirmation vote to lead Federal Reserve
Crypto Briefing
Kevin Warsh moves closer to becoming Federal Reserve chair after a committee vote, signaling a potential shift in digital asset policy.Summary
Kevin Warsh has cleared the Senate Banking Committee on a 13-11 party-line vote, positioning him to replace Jerome Powell as Federal Reserve chair by May 15, 2026. Warsh, a former Fed governor, distinguishes himself from his predecessor through his active interest in digital assets, having previously described Bitcoin as "new gold for under 40s" and holding stakes in over 20 crypto-linked entities. While his appointment could foster institutional integration of crypto, analysts warn that his focus on monetary discipline and price stability may lead to prolonged high interest rates, potentially creating headwinds for risk assets despite his pro-innovation stance.
(Source：Crypto Briefing)