In a single session, two of crypto's biggest macro overhangs moved toward resolution. Kevin Worsh cleared the Senate Banking Committee 13-1, putting him on track to replace Jerome Powell as Fed chair by the June FOMC meeting. Worsh's framework is a structural departure: he views AI as a deflationary force that allows sustained growth without inflation, and plans to replace core PCE with trimmed mean inflation as the Fed's primary gauge — a methodological shift that would reveal underlying disinflation currently masked in headline data. The practical result is a policy path where rate cuts and balance sheet reduction can run simultaneously, without requiring QE to support growth.
On the same day, Senator Tillis — who had blocked Clarity Act markup for months over stablecoin yield concerns — reversed course and signalled readiness to advance the bill. A Senate Banking Committee markup is…
CryptoSlate
CoinTelegraph
CoinDesk
WuBlockchain
WatcherGuru