Donald Trump · White House · US Senate · Kevin Warsh · Federal Reserve (FED) · Jerome Powell · Bitcoin Magazine
Senate Confirms Bitcoin-Friendly Kevin Warsh to Fed Board, Clearing Path to Chairmanship
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President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, cleared a key Senate hurdle Tuesday, putting a bitcoin-friendly former Fed governor one vote away from becoming the most powerful central banker in the world.
Key facts
- The Senate approved Warsh in a 51-45 vote that fell along party lines, with Sen
- President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, cleared a key Senate hurdle Tuesday, putting a bitcoin-friendly former Fed governor one vote away from becoming the most
- If confirmed as chair, Warsh would replace Jerome Powell, whose term leading the central bank ends Friday
- Warsh’s rise has drawn attention across financial markets and the Bitcoin industry because of his public support for bitcoin and his ties to crypto-related firms
Summary
President Donald Trump’s push to install Kevin Warsh as the next chair of the Federal Reserve moved closer to completion Tuesday after the Senate confirmed him to the Fed’s Board of Governors, a step that clears the path for a final vote on the chairmanship later this week. The Senate approved Warsh in a 51-45 vote that fell along party lines, with Sen. Warsh’s rise has drawn attention across financial markets and the Bitcoin industry because of his public support for bitcoin and his ties to crypto-related firms.