US President Donald Trump has announced that he will nominate Bitcoiner Kevin Warsh to replace Jerome Powell as Chairman of the Board of Governors of the Federal Reserve System (FED).
The decision aims to renew the central bank’s direction after years of political tension.
President Trump highlighted the 35-year-old Warsh’s background in a statement released on Truth Social. He became the youngest governor in the history of this institution.
“I have known Kevin for a long time, and I have no doubt that he will go down in history as one of the great Fed governors, perhaps the best,” he said, stressing that the candidate “will never disappoint him.”
Warsh succeeds Jerome Powell, who has led the organization since February 2018. Mr. Powell’s presidential term officially expires on May 15, 2026, ending an eight-year cycle marked by the fight against post-pandemic inflation.
After being formally nominated, Warsh must undergo a hearing and ratification process in the U.S. Senate. That is expected to happen several months before the May relay.
As CriptoNoticias reported, despite the president’s support, Warsh will face significant challenges, including a cooling labor market and inflation that has not returned to the 2% target.
However, Warsh has previously advocated for “systemic change” at the Fed in order to restore “lost trust” in financial institutions.
Warsh’s nomination was predicted by a cryptocurrency-based prediction market. Decentralized betting firm Polymarket said this week’s deal puts him more than 80% likely to be the person chosen by President Trump to take the reins of the Fed.
Supporter of Bitcoin as Fed Governor
Unlike his previous more skeptical stance, Warsh points to a positive evolution towards Bitcoin (BTC).
The candidate said “Bitcoin makes sense as part of a portfolio” of fundamental changes in monetary policy.
For Warsh, the digital currency created by Satoshi Nakamoto has established itself against traditional assets.
“If Bitcoin didn’t exist, gold would be even more expensive right now. But for people under 40, I think Bitcoin is the new gold,” he said in a 2021 statement.
More recently, a 2025 Federal Reserve Chair candidate has come to view digital currencies as: A monitoring tool for publishers.
“Bitcoin doesn’t make me nervous. I see it as an important asset that can help policymakers know whether things are right or wrong. Bitcoin can be a very good police officer for politics,” he said.
The candidate also praised the technology behind Bitcoin, referring to the Bitcoin White Paper as revolutionary software.
According to his vision, the fact that these technologies were developed in the United States means an opportunity to “create something very special over the next 10 years.”
This position was under his command. The Fed may adopt a more open perspective on financial innovation and the digital asset ecosystem.
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