Trump Sends Pro-Bitcoin Fed Chair Nomination to the Senate

Donald Trump has sent the nomination of Kevin Warsh to the US Senate to become the Chair of the Board of Governors of the Federal Reserve, replacing Jerome Powell. Warsh, who served as a Fed governor from 2006 to 2011, has publicly favored Bitcoin (BTC) adoption, once calling it the "new gold" for those under forty and viewing it as an important asset that can inform policymakers. Powell's term as chair ends in May, though he may remain a Fed governor until 2028. Warsh's nomination is expected to face opposition from Democrats, such as Minority Leader Chuck Schumer, who expressed concern over Trump's attempts to undermine the Fed's independence. The article also notes that as of Wednesday, Trump had not yet sent nominations for leadership positions at the Commodity Futures Trading Commission (CFTC).

(Source：Cointelegraph)