President Donald Trump has announced the nomination of Kevin Warsh as the next Federal Reserve Chair. Warsh brings extensive experience in financial and government services, having served as a member of the Federal Reserve Board of Governors from 2006 to 2011, becoming the youngest governor at age 35. His expertise spans monetary policy, internal management, and international financial affairs. If confirmed by the Senate, Warsh will succeed current Chair Jerome Powell, whose term is ending soon. Warsh’s nomination has sparked increased interest in digital assets, as he previously stated that Bitcoin poses no threat to the Federal Reserve’s monetary control but is instead a valuable asset that can help policymakers distinguish between sound and unsound decisions. He likened Bitcoin to gold as an alternative investment for the new generation. Warsh also has indirect ties to the cryptocurrency sector; he invested in the algorithmic stablecoin project Basis and served on the advisory board of crypto index manager Bitwise. He holds open views on central bank digital currencies (CBDCs), contrasting with President Trump’s opposition to a U.S. CBDC. Although Warsh supports Bitcoin, he is known for a strict stance on monetary policy and consistently emphasizes inflation risks. Experts suggest that if Trump sought a more dovish approach to lowering inflation, Warsh might not be the ideal choice. Nonetheless, his positive attitude toward Bitcoin is significant news for the crypto market.
Source: bitcoinmagazine
