Crypto friendly Kevin Warsh has finally been confirmed as the Federal Reserve Chair.
On May 13, a Senate vote of 54-45 confirmed his nomination to take over outgoing Chair Jerome Powell.
Warsh has taken a cautiously crypto-friendly stance. He argues that digital assets are already part of modern finance and should operate within regulated markets rather than outside them.
In fact back in a 2018 Wall Street Journal opinion piece, he argued that the volatility of Bitcoin (BTC) volatility makes it a poor currency, but added it
He disclosed extensive holdings exceeding $100 million in combined assets in over 30 cryptocurrency assets and investments in numerous crypto-related firms. Still, his broader influence on crypto would likely come through monetary policy, liquidity conditions, and interest-rate decisions rather than direct regulation or enforcement.
However, to comply with strict Federal Reserve ethics rules, Warsh has pledged to sell off many of his investments. As per the rules, there are limits on what officials can own to prevent conflicts of interest.
United States President Donald Trump confirmed in January that he would nominate the former Fed governor as a successor to Powell, adding that he would be a “great Fed Chairmen, maybe the best.”
Related: Trump reportedly discussed firing Fed chair Powell, eyes ex-Fed governor Kevin Warsh
This story was originally published by TheStreet on May 13, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
