DOJ drops Powell probe, clearing the path for crypto-friendly Kevin Warsh to take the Fed helm!

The Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, removing a significant political obstacle that had complicated succession planning at the central bank. With the probe closed, the Senate now has a cleaner runway to confirm Kevin Warsh as Powell's replacement.

Warsh, a former Fed governor and longtime Wall Street figure, has been widely characterized as more open to digital assets than the current leadership — a posture that markets have been pricing in as his confirmation odds improved. A Warsh-led Fed could shift the regulatory and monetary tone at the institution most watched by global capital markets.

For crypto specifically, the change at the top carries real weight: Fed guidance on bank engagement with digital assets, stablecoin oversight, and broader monetary policy framing all flow from the chair's office.