Kevin Warsh was confirmed as the next Chair of the Federal Reserve on May 22, 2026, by a Senate vote of 54-45. He succeeds Jerome Powell as the central bank faces elevated inflation at an annual rate of 3.3%.
Warsh’s financial disclosures revealed holdings in over 30 digital assets, valued between $131 million and $209 million. During Senate hearings, Democrats questioned the transparency and conflict-of-interest surrounding his nine-figure crypto portfolio and his role overseeing crypto regulation. Warsh pledged to divest within 90 days of confirmation.
Warsh, a former Fed governor from 2006 to 2011, described Bitcoin as “the new gold for people under 40.” His confirmation margin was notably narrower than Powell’s 2022 vote of 80-19.