- Following the official inauguration of the new Fed Chairman Kevin Warsh never made any statement.
- Subject to capital outflow from bitcoin ETF uncertainty was thrown aside Bitcoin in the $75,000 range (CoinGecko data).
Last Friday at the White House Took place Kevin Warsh’s swearing-in ceremony as Chairman of the Federal Reserve. He took office during a period of soaring inflation, exacerbated by the war in Iran.
Trump-backed cryptocurrency advocate Kevin Warsh was confirmed by the Senate on May 13 by a 54-45 vote, officially replacing Jerome Powell as head of the world’s most powerful central bank.
Warsh’s swearing-in ceremony was held with President Trump in attendance, completing the nomination process that began in January 2026. The new chairman has personal cryptocurrency investments of more than $100 million, spanning more than 30 digital asset projects, from Bitcoin to a decentralized exchange. dYdX.
Warsh made no new policy statements during the ceremony, so many focused on his previously expressed views. Specifically, he said that “inflation is a choice, and the Fed must take responsibility for it.”
Warsh also publicly stated that Bitcoin “doesn’t cause him any concern,” he noted, noting that digital assets should be considered legitimate financial infrastructure. For an agency that for years treated cryptocurrency as contraband, this is a significant shift.
Warsh is described as a supporter of tight inflation policies, advocating for a narrower mandate for the Fed, which does not promise “easy money.”
Cryptocurrency markets are now closely monitoring Warsh’s initial comments and any signals regarding interest rates or balance sheet policy.
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