Senate Committee Sets April 29 Vote To Advance Pro-crypto Warsh’s Fed Chair Nomination

The U.S. Senate Banking Committee has scheduled April 29 to vote on Kevin Warsh’s Fed chair nomination, which could bring the former Fed governor one step closer to succeeding Jerome Powell as the next Fed chair.

The vote notably comes on the same day as the April FOMC meeting, which could be Powell’s last as the Fed chair and even a member of the Fed board.

The notice comes just after the U.S. Department of Justice (DOJ) dropped the probe into Fed Chair Jerome Powell.

Senator Thom Tillis, a member of the Senate Banking Committee, said he would not support Warsh’s nomination until the DOJ dropped the Powell probe.

At the moment, crypto traders are predicting the Senate will confirm Warsh by May 15, with Polymarket data showing an 82% chance, up from as low as 28% before the DOJ dropped the Powell probe.

Source: X.com

You need to login in order to Like