The US Senate is set to review Donald Trump's nomination of Kevin Warsh to lead the Federal Reserve. Warsh, a former Fed governor, has previously expressed a favorable view of Bitcoin.
Warsh served as a Fed governor from 2006 to 2011. He has stated that Bitcoin could serve as a new form of gold and does not cause him concern, viewing it as an important asset that can inform policymakers.
Jerome Powell's term as Fed chair concludes in May. While Warsh's nomination faces potential opposition from some lawmakers concerned about the Fed's independence, the Senate will now consider his candidacy.