President Donald Trump has nominated former Fed governor Kevin Warsh to chair the Federal Reserve, replacing Jerome Powell. Warsh has publicly expressed favorable views on Bitcoin, calling it “an important asset” and suggesting it could serve a role similar to gold for younger investors. His nomination is now before the US Senate for confirmation.
The White House has sent the nomination of Kevin Warsh to the US Senate to serve as Chair of the Federal Reserve. This follows President Donald Trump‘s social media announcement selecting Warsh to replace current Chair Jerome Powell, whose term ends in May.
Warsh served as a Federal Reserve governor from 2006 to 2011 and is currently a fellow at the Hoover Institution. He has made several public statements supportive of Bitcoin, telling CNBC in 2021 that “if you are under forty, bitcoin is your new gold.”
In a later interview, Warsh elaborated on his perspective, stating “Bitcoin does not make me nervous… I think of it as an important asset that can help inform policymakers when they’re doing things right and wrong.” He acknowledged regretting not understanding the technology’s potential earlier.
The timing for a Senate vote on his confirmation remains unclear. Chuck Schumer, the Senate Minority Leader, has stated that lawmakers must not move the nomination forward unless Warsh commits to preserving the Fed’s independence from political influence.
Separately, the Commodity Futures Trading Commission (CFTC) continues to operate without a full roster of commissioners. Only Chair Michael Selig has been confirmed, leaving four seats vacant at the agency which may gain expanded oversight of digital assets pending legislative action.
