“You’re fired, Powell. Since taking office, President Donald Trump has made numerous decisions in favor of the Bitcoin (BTC) and cryptocurrency sector. His appointment as the head of two US financial regulatory bodies — the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) — is a confirmation of this, as Paul Atkins, […]”, — write: businessua.com.ua
You’re fired, Powell. Since taking office, the president Donald Trump made numerous decisions in favor of the sector bitcoin (BTC) and cryptocurrencies. His appointment as chairman of two US financial regulatory bodies — SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) — is a confirmation of this, since and Paul Atkins and Michael Selig want structurally cooperate with the digital asset sector. And today, President Trump just nominated candidacy Kevin Warsh the next head Fed of the US Federal Reserve System.
Key points of this article:
- President Trump has nominated Kevin Warsh to be the next chairman of the US Federal Reserve System, succeeding Jerome Powell.
- Kevin Warsh, known for his bullish stance on Bitcoin and cryptocurrencies, could sway US monetary policy toward a cut in key interest rates.
President Trump ultimately chose Kevin Warsh to be the chairman of the Fed. Although Kevin Hassett was once considered a potential replacement for Jerome Powell in the position of chairman Federal Reserve System USA, after all Kevin Warsh President Donald Trump has chosen the next chairman of the Fed.
Indeed, Powell’s term as chairman of the US Federal Reserve System will end in May 2026. And taking into account his reluctance to lower the Fed’s key interest rates President Trump found him a replacement more likely to hold more adaptive monetary policy.
“I am pleased to announce my nomination of Kevin Worsh for CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. (…) Kevin Worsh became the youngest chairman of the Fed at the age of 35 and served on the Board of Governors of the Federal Reserve System from 2006 to 2011, was the representative of the Federal Reserve System to the G20 and the Council’s envoy for developing and advanced Asian economies. (…) I have known Kevin for a long time and am confident that he will be one of the greatest, if not the best, chairman of the Fed. (…) Congratulations, Kevin!”
Donald Trump, President of the United States of America
US President Donald Trump’s social media account Pravda (@realDonaldTrump)
Bitcoin fan to head the Fed as soon as May 2026? As The Block notes, Kevin Worsh by no means hostile to bitcoin and cryptocurrencies. He even participated – investment and advisory – in the cryptosphere, in particular, in cryptofund management Bitwise (which notably has Bitcoin and Ethereum ETFs listed on US stock exchanges).
In July 2025, the future chairman of the Federal Reserve System made the following comments regarding Bitcoin:
“I have no problem with Bitcoin. (…) I see it as an important asset that can help politicians understand whether they are making the right or wrong choices. It does not replace the dollar. I think he can often be a very good defense for politics. (…) It is a generational alternative to gold. (…) And it’s just the latest and greatest protocol/software [Примітка редактора: блокчейн біткойна]which will give us the opportunity to do things that we could never do before.”
Kevin Warsh
President Trump has repeatedly stated his desire to quickly lower key Fed interest rates . Therefore, it will be interesting to follow the next meeting of the heads of central banks ” after Powell “, planned for June to see if Kevin Warsh agrees with the US president’s position. Anyway, the data about inflation and employment in the US will remain crucial to justify the rate cut.
Please wait…