In a move that has caught both Wall Street and the crypto world’s attention, President Donald Trump has nominated Kevin Warsh to succeed Jerome Powell as Chair of the U.S. Federal Reserve. Known for his relatively crypto-friendly stance, Warsh has previously remarked that Bitcoin poses no systemic threat and could potentially serve as a beneficial tool for monetary policy. While regarded as cautious on loose monetary policies, his appointment signals a potential more balanced approach toward digital assets at the Fed.
Other notable updates include SoFi Technologies surpassing $1 billion in quarterly revenue with increased crypto-related activity, and Ethereum co-founder Vitalik Buterin pledging $45 million in ETH toward open-source projects enhancing network security and privacy.
Analysts see these developments as indicative of a growing alignment between mainstream finance and crypto markets, highlighting a trend where institutional support and regulatory clarity could further bolster digital assets.
