Odaily Planet Daily reports that the US President announced on Truth Social Media that he has nominated Kevin Warsh as the next Chairman of the Federal Reserve. Kevin Warsh is currently a fellow at the Hoover Institution and a lecturer at Stanford University's Graduate School of Business. He served as a Federal Reserve Governor from 2006 to 2011. Warsh holds a pro-cryptocurrency stance, having stated that Bitcoin is an important asset that can serve as a policy watchdog and does not pose a systemic threat to Bitcoin's ability to govern the economy. Furthermore, Warsh has been an angel investor in the algorithmic stablecoin project Basis and the crypto indexing company Bitwise. While he has expressed support for central bank digital currency frameworks, he is considered a hawk on monetary policy. The nomination still requires Senate confirmation to succeed Jerome Powell, whose term expires in May.
US President nominates crypto enthusiast Kevin Warsh as Federal Reserve Chairman
2026-01-30 12:18:32
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