Fed Chair Powell: Crypto has integrated into the financial system! Opposes CBDC issuance, views BTC as digital gold

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Fed Chair nominee Kevin Warsh stated clearly at a hearing today (21st) that cryptocurrency is no longer merely speculative, but has "become woven into the fabric of the financial system." As a long-time proponent of the Bitcoin "new gold" thesis, Warsh, who holds over 30 crypto assets, pledged to liquidate his holdings before taking office. Furthermore, he expressed strong opposition to the Fed issuing a CBDC, leaving significant policy room for private crypto innovation. (Previous coverage: Fed Chair nominee Kevin Warsh: Fed decisions will be completely independent of Trump! "Don't know why I was chosen by Trump") (Background: Fed Chair transition stalled? Powell may continue as interim Fed Chair, Warsh faces confirmation hurdles in Senate) Cryptocurrency has officially shed its "marginalized" label, gaining recognition from the future helmsman of U.S. monetary policy. On April 21, 2026 (U.S. time), Kevin Warsh, nominated by President Trump to succeed as Fed Chair, made highly positive remarks about the crypto industry at his Senate confirmation hearing. He emphasized that cryptocurrency is no longer an "upcoming" vision, but a real and undeniable financial infrastructure. JUST IN: THIS IS THE MOST BULLISH UPDATE FOR SUI🤯🤯🤯 Kevin Warsh told the Senate that crypto are already woven into the fabric of finance. Not coming. Not speculative. Already here. When the next head of the Federal Reserve says that out loud in a Senate hearing The game… pic.twitter.com/KsXaqWn1ov — Sui Intern (@suintern_) April 21, 2026 In response to a senator's inquiry regarding the risks of digital assets, Warsh provided an extremely pragmatic tone. He pointed out that cryptocurrency "has become woven into the fabric of the financial system," noting that it is not only an investment asset for the younger generation but has become a part of modern finance. Warsh has previously described Bitcoin as the "newest, coolest software" and considers it the "new gold" for those under 40. At today's hearing, he continued this optimistic tone, arguing that the value of cryptocurrency has transcended mere speculation and shifted toward more robust financial applications. Beyond his policy stance, Warsh's personal financial disclosures also became a focus of the hearing. It is reported that Warsh indirectly holds over 30 crypto-related assets through venture capital funds, including well-known projects such as Solana, dYdX, Compound, and Optimism. Although Warsh did not disclose the specific value of his holdings, he promised the committee that, in order to comply with the Fed's strict regulations, he would sell all related assets before officially taking office to ensure the impartiality of monetary policy decisions. On the highly watched issue of Central Bank Digital Currency (CBDC), Warsh demonstrated a position highly aligned with the Trump administration. He explicitly stated his opposition to the Fed directly issuing a digital dollar (CBDC): "It is not a good policy choice, and I do not believe the Fed has the authority to issue it."

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