Kevin Warsh is officially the new chair of the Federal Reserve. President Trump will host the swearing-in ceremony at the White House, installing a central banker who holds more than $100 million in crypto investments across over 30 digital asset projects.
That’s not a typo. The person now responsible for US monetary policy has significant personal stakes in Bitcoin, the Lightning Network startup Flashnet, prediction market Polymarket, and decentralized exchange dYdX, among others. For an institution that spent years treating crypto like a suspicious package left at the airport, this is a dramatic pivot.
From Wall Street crisis manager to crypto-friendly Fed chair
Warsh isn’t exactly a newcomer to the Fed. He served as a governor from 2006 to 2011, a period that included navigating the 2008 financial crisis as a key intermediary between Wall Street and Washington. When he joined the board at age 35, he became the youngest-ever Fed governor. He’s now 56.
Trump nominated Warsh back in January 2026. The Senate confirmed him on May 13 with a 54-45 vote, largely along party lines. He replaces Jerome Powell, whose tenure was marked by an adversarial relationship with the crypto industry and frequent public clashes with Trump over interest rate policy.
