Fed Chair Nominee Warsh’s Disclosures Reveal Polymarket, SpaceX Holdings

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.

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.