This Wednesday, May 13, 2026, the U.S. Senate voted yes. Approves Kevin Warsh as Chairman of the Federal Reserve System (FED).
Warsh was confirmed with 54 votes in favor and 45 votes against. He is scheduled to take office after current President Jerome Powell retires. Who will reach the last day of their term tomorrow?
Because he’s the candidate proposed by Donald Trump. He is expected to be in a position more in line with the wishes of the executive branch than Mr. Powell.. Remember, Trump wants the Fed to lower interest rates, as reported by CriptoNoticias. In any case, the Fed is, at least in theory, independent in its decisions.
Mr. Warsh served on the Federal Reserve Board from 2006 to 2011.also worked as a banker at Morgan Stanley during the eras of Presidents George W. Bush and Barack Obama.
This information portal showed that Warsh calls Bitcoin (BTC) “an important asset”. It was also revealed that he has invested more than $100 million in artificial intelligence and cryptocurrency projects. As Warsh explained, he plans to sell these assets before taking office.
Perhaps because the news had been expected, there was no movement in the price of Bitcoin that would indicate Warsh’s approval as FED head. The digital asset is still trading around $80,000. In fact, tomorrow’s vote on the CLARITY Act is likely to have a significant impact on Bitcoin’s price.
(Tag Translation) Central Bank
