Senate Confirms Kevin Warsh as Fed Chair With Crypto Disclosures

The Senate confirmed Kevin Warsh as chair of the Federal Reserve on Wednesday in a 54-45 vote. Warsh disclosed investments earlier this year in crypto-native projects including Polymarket and Solana and said Bitcoin ‘does not make me nervous.’

His confirmation followed months of pressure on Fed leadership, including public criticism of outgoing chair Jerome Powell by President Donald Trump and a Department of Justice inquiry into Powell that legislators cited as complicating the nomination process.

Supporters cited Warsh’s private-sector experience and familiarity with financial markets. Opponents questioned his past comments on digital assets and flagged potential conflicts from his business ties as the Fed addresses monetary policy and financial stability.

Warsh has described some cryptocurrency projects as fraudulent and worthless in prior remarks. His financial disclosures list holdings in crypto-native ventures.

Bitcoin traded near $79,500 after the Senate vote, and markets showed little immediate reaction.

Sen. Cynthia Lummis welcomed the confirmation on social media, writing, ‘American businesses and digital asset holders finally have a leader at the Fed who is ready to deliver it.’ The final vote split largely along party lines.

As chair, Warsh will lead the Fed’s work on interest rates, bank regulation and oversight of payment systems.