Senate Confirms Pro-Crypto Kevin Warsh as Fed Chair in Most Divided Vote Ever!

The Senate has confirmed Kevin Warsh as the next Federal Reserve Chair in a 54-45 vote — the most divided confirmation in the role's history — replacing Jerome Powell, whose term ends Friday. Pennsylvania Sen. John Fetterman was the only Democrat to cross the aisle in support.

Warsh, 56, steps into the chair at a delicate moment: President Trump is pressing hard for lower interest rates while fresh inflation data complicates the path. His first FOMC meeting is already on the calendar for June 16-17, meaning markets will get an early read on his rate posture within weeks.

Known for a crypto-friendly outlook, Warsh is set to become the wealthiest Fed chair in modern history with reported holdings above $100 million. Under current ethics rules, he will be required to divest a significant portion of those investments before assuming the role.