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Federal Reser
2026-07-04 01:00:14

Senate Confirms Kevin Warsh to Fed Board as Bitcoin-Friendly Chair Path Clears

The U.S. Senate confirmed Kevin Warsh to the Federal Reserve’s Board of Governors by a 51-45 vote, moving him significantly closer to becoming the next Fed chair as Jerome Powell’s term is set to end on Friday. The confirmation has attracted attention far beyond Washington because Warsh has taken a notably more open stance toward Bitcoin than many previous Fed leaders. He has described Bitcoin as an “important asset” and even “a very good policeman for policy,” arguing that its price can signal how much confidence markets have in the Federal Reserve’s inflation management and broader monetary credibility. Warsh’s ties to the crypto sector go beyond public comments. Financial disclosures showed that he held an equity stake in Flashnet, a Bitcoin payments startup building lightning-style transaction infrastructure for merchants and fintech firms. He has also maintained links to digital asset companies through advisory work and investments, including exposure to crypto index manager Bitwise and stablecoin project Basis. Those connections make him one of the clearest examples yet of a potential Fed chair with direct ties to firms involved in Bitcoin adoption and crypto finance. At the same time, markets are not treating Warsh as a simple pro-crypto dove. He remains well known as an inflation hawk from his earlier service as a Fed governor from 2006 to 2011, when he warned about inflation risks and criticized loose post-crisis monetary policy. More recent remarks calling for “regime change” at the Fed and signaling openness to lower rates have created debate over how he would balance inflation discipline, White House pressure, and the future tone of the central bank toward digital assets.

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Senate Confirms Kevin Warsh to Fed Board as Bitcoin-Friendly Chair Path Clears