Senate Confirms Bitcoin-Friendly Kevin Warsh to Fed Board, Clearing Path to Chairmanship

Bitcoin Magazine Senate Confirms Bitcoin-Friendly Kevin Warsh to Fed Board, Clearing Path to Chairmanship President Donald Trump’s push to install Kevin Warsh as the next chair of the Federal Reserve moved closer to completion Tuesday after the Senate confirmed him to the Fed’s Board of Governors, a step that clears the path for a final vote on the chairmanship later this week. The Senate approved Warsh in a 51-45 vote that fell along party lines, with Sen. John Fetterman joining Republicans in support of the nominee. If confirmed as chair, Warsh would replace Jerome Powell, whose term leading the central bank ends Friday. Warsh’s rise has drawn attention across financial markets and the Bitcoin industry because of his public support for bitcoin and his ties to crypto-related firms. Warsh’s consideration of bitcoin Unlike past Fed leaders who treated digital assets with skepticism, Warsh has described bitcoin as “an important asset” and “a very good policeman for policy,” arguing that its price can reflect confidence in the Federal Reserve’s handling of inflation and monetary policy. “Bitcoin doesn’t trouble me,” Warsh said during a Hoover Institution event last year, where he framed the asset as a signal of monetary credibility rather than a threat to the U.S. dollar. JUST IN: Pro-Bitcoin Kevin Warsh officially confirmed as a Federal Reserve Governor. pic.twitter.com/37Vl4x4TPZ— Bitcoin Magazine (@BitcoinMagazine) May 12, 2026 His confirmation follows financial disclosures showing Warsh held an equity stake in Flashnet, a Bitcoin payments startup focused on lightning-style transaction infrastructure for merchants and fintech companies. The disclosure marked one of the clearest links yet between a potential Federal Reserve chair and a company tied to Bitcoin adoption. Warsh has also maintained ties to the crypto sector through advisory work and investments connected to digital asset firms, including crypto index manager Bitwise and stablecoin project Basis. At th...