Kevin Warsh is set to become Chair of the Federal Reserve after the Senate confirmed him to the Fed board on May 12 with a 51-45 vote. A separate confirmation vote for the Chair role was expected on May 13 or 14, with Polymarket odds sitting at 93.5% before the board vote cleared. Jerome Powell exits on Friday, May 15. For crypto markets, the leadership change at 20th Street carries real weight: Warsh has called Bitcoin “the new gold for anyone under forty” and said the asset “does not concern him at all,” a sharp departure from Powell’s eight years of cautious distance from digital assets.
Related Articles
16 Sep 2026
Bitcoin Faces the Fed After CLARITY Act Collapse: Treasury Hits 5%
Bitcoin faces the Fed rate decision today, with a 92% hike probability priced in, one day after the U.S. Senate rejected the CLARITY Act. Two major risks…
15 Sep 2026
Revolut Breach Update: 680 Clients, 10,000 BTC Ransom, Italy Claims Unconfirmed
The Revolut breach has escalated: around 680 customers affected, a 10,000 BTC ransom demand confirmed. Italy's Viminale, ACN, and police have not confirmed…
