Trump Formally Submits Pro-Bitcoin Kevin Warsh's Fed Chair Nomination to Senate
U.S. President Donald Trump's nomination of Kevin Warsh to succeed Jerome Powell could reshape the Federal Reserve's approach to interest rates, its balance sheet and financial regulation. Warsh, a former Fed governor who has called Bitcoin “the new gold,” is therefore seen by markets as an important indicator of a shift in the relationship between U.S. monetary policy and the crypto industry.
Trump formally submitted the nomination to the U.S. Senate for consideration. Warsh was first confirmed as a Fed governor by a 51–45 vote and was subsequently approved as chair by 54–45. Powell remained a governor after stepping down as chair, while markets focused on the potential implications of Warsh's tenure for U.S. Treasuries, the path of interest-rate cuts and Bitcoin.
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The history behind this eventKevin Warsh Formally Sworn In as Fed Chair at White House as Trump Stresses Independence
The Federal Reserve sets U.S. interest rates and monetary policy, with its decisions affecting global funding costs, the dollar and risk-asset valuations. With Kevin Warsh taking over as chair, markets are watching whether the central bank will preserve its independence and how its policies may affect financing conditions for the cryptocurrency and AI industries.
Warsh has been sworn in as Fed chair at the White House in a ceremony led by President Donald Trump, who made the unusual statement that the central bank should remain “absolutely independent.” Warsh pledged to use economic data to maintain price stability and fight inflation. Reports did not provide the exact date of the swearing-in, and no financial amount was involved.
Bitcoin Consolidates Near $77,000 as Markets Await Kevin Warsh's Fed Takeover
Bitcoin is highly sensitive to US monetary policy, and a change in Federal Reserve leadership could reshape interest rates and liquidity conditions. Ahead of Kevin Warsh taking over as Fed chair, markets are assessing his policy stance. They are also watching whether the risk of stagflation — rising inflation alongside a cooling economy — could weigh on demand for crypto assets.
Recent trading showed Bitcoin continuing to consolidate in a narrow range near $77,000 per coin. Meanwhile, US consumer confidence fell to a record low in May even as inflation expectations rose, prompting markets to reassess the likelihood of further Fed rate increases and the direction of policy after Warsh takes office.
Fed Chair Nominee Warsh’s Disclosures Reveal Polymarket, SpaceX Holdings
U.S. President Donald Trump nominated Kevin Warsh on January 30, 2026, to lead the Federal Reserve. Warsh previously served as a Fed governor from 2006 to 2011. Because the Fed chair oversees interest rates and financial regulation, the Senate’s review has focused on whether his private investments in companies including SpaceX and crypto prediction market Polymarket could create conflicts of interest.
The U.S. Office of Government Ethics released a 69-page financial disclosure on April 14 showing that Warsh reported personal assets worth about $135 million to $226 million. Dozens of startup investments, including SpaceX and Polymarket, were valued at a combined $250,001 to $500,000, though individual amounts were not disclosed. At an April 21 Senate Banking Committee hearing, Warsh pledged to divest the relevant assets before being sworn in if confirmed.
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