Flash: Walsh's nomination as Fed Chair approved by Senate Banking Committee! Next step is a full Senate vote; a crypto-friendly chair is set to take office.

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The Powell era is coming to an end! Financial intelligence account @financialjuice revealed today (29th) that Kevin Warsh, the next Fed Chair nominee by Trump, has secured enough votes in the Senate Banking Committee. As the process moves to a full Senate vote, with the support of the Republican party, Warsh is almost certain to take office in mid-May. (Previous coverage: DOJ ends investigation into Powell, odds of Warsh taking office soar to 84%: A crypto-friendly Fed Chair is emerging) (Background: Goodbye Powell! Hosting his final Fed FOMC meeting tonight, interest rates remain unchanged; successor Warsh is a crypto mogul) The highest decision-making body for global monetary policy is about to officially enter a critical moment of power transition. According to the latest flash news released by the well-known financial news account FinancialJuice (@financialjuice) on April 29, Taiwan time, the nomination of Kevin Warsh, the next Fed Chair candidate handpicked by U.S. President Donald Trump, has crossed its most important threshold. The Warsh Fed nomination has enough committee votes to advance. — FinancialJuice (@financialjuice) April 29, 2026 Securing enough committee votes, full Senate vote is a certainty Sources confirm that Warsh has now secured enough votes in the Senate Banking Committee to pass the nomination. This is decisive in the U.S. political process, meaning the nomination will successfully clear the committee and be officially sent to the full Senate for a final vote. Considering that the term of current Fed Chair Jerome Powell will officially end in just two weeks on May 15, the timing of this personnel advancement is critical. Since the Republican party currently controls the Senate, and with voting expected to strictly follow party lines, the market generally expects Warsh's confirmation process to be very smooth. He is poised to take on the burden of steering the global economy in mid-May. Who is Kevin Warsh? Why is the crypto market watching closely? Kevin Warsh, who is about to take the helm of the world's largest central bank, is no ordinary figure. He graduated from Stanford University and Harvard Law School, previously served as an investment banker at Morgan Stanley, and is currently a fellow at the Hoover Institution at Stanford. Several key labels associated with him have left Wall Street and the cryptocurrency market full of both anticipation and caution regarding his appointment: - Veteran firefighter: He served as a Fed Governor from 2006 to 2011 and was personally involved in the crisis response to the 2008 financial tsunami, possessing deep practical experience. - Pro-market anti-inflation hawk: Warsh's past statements strongly support free-market mechanisms, and he is viewed by the outside world as a traditional "anti-inflation hawk," which means he may hold a more cautious stance on interest rate cuts. - Crypto-friendly: Unlike the conservatism of traditional financial bureaucrats, Warsh has previously expressed a certain degree of support and an open stance toward digital assets and cryptocurrencies, leading the crypto community to hope that he will bring a friendlier financial regulatory environment to the U.S.

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