Senate votes to confirm Trump-pick Kevin Warsh to succeed Jerome Powell as Fed Chair

The Senate has voted to confirm Kevin Warsh, President Donald Trump's nominee, to the Federal Reserve Board of Governors. Warsh's nomination passed with a 54-45 vote, and he will serve a four-year term. He previously served on the Fed's Board from 2006 to 2011. Warsh has expressed a favorable view of cryptocurrency, calling bitcoin an "important asset that can help inform policymakers." Financial disclosures revealed that Warsh holds investments in several crypto companies and projects, including dYdX, Lighter, Polychain Capital, Dapper Labs, Solana, and Optimism. This confirmation comes amidst past tensions between President Trump and former Fed Chair Jerome Powell, whose term ends soon but who intends to remain on the Fed's board.

(Source：The Block)