🔥🏛️The U.S. Senate confirmed Kevin Warsh as the 17th Chair of the Federal Reserve in a 54–45 vote, succeeding Jerome Powell.
Warsh is widely considered the first "crypto-friendly" Fed chair, with personal holdings in numerous crypto-related firms and assets, though he has pledged to divest to meet ethics rules.
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His appointment has prompted re-pricing of interest rate expectations, with markets anticipating a potentially more market-aligned and less conservative approach to monetary policy.