Warsh’s appointment follows a contentious nomination process and signals potential shifts in crypto policy at the central bank.
The U.S. Senate confirmed Kevin Warsh as Federal Reserve Chair on Wednesday, replacing Jerome Powell in a 54-45 vote. The decision follows months of political tension, including a closed Department of Justice investigation into Powell that delayed support for Warsh’s nomination.
Warsh, previously critical of some crypto projects, disclosed investments in Polymarket and Solana earlier this year. He stated in an interview that Bitcoin ‘does not make me nervous.’ His confirmation had minimal immediate impact on Bitcoin, which remained near $79,500.
Pro-crypto lawmakers, including Sen. Cynthia Lummis, praised the confirmation, citing Warsh’s readiness to engage with digital assets and businesses.