U.S. President Nominates Crypto-Friendly Kevin Warsh as Federal Reserve Chairman

Odaily News According to a post by the U.S. President on Truth Social, Kevin Warsh has been nominated as the next Chairman of the Federal Reserve. Kevin Warsh is currently a researcher at the Hoover Institution and a lecturer at the Stanford Graduate School of Business, having served as a Governor of the Federal Reserve from 2006 to 2011. Kevin Warsh holds a friendly stance towards cryptocurrencies, having stated that Bitcoin is an important asset that can serve as a policy overseer and does not pose a systemic threat to its ability to manage the economy. Furthermore, Kevin Warsh participated as an angel investor in the algorithmic stablecoin project Basis and the crypto index management company Bitwise. Although he has expressed support for a central bank digital currency (CBDC) framework, he is considered a hawk on monetary policy. This nomination still requires confirmation by the Senate to succeed Jerome Powell, whose term expires in May.