ExchangeDEX+
Buy CryptoMarketsSpotFuturesSILVEREarnEvent Center
More
Commodity Zero-Fee Gala
Bitcoin’s sudden drop from the high $90,000 has reignited fears, but it also opens the door to opportunity for those watching the market closely. After [...]Bitcoin’s sudden drop from the high $90,000 has reignited fears, but it also opens the door to opportunity for those watching the market closely. After [...]

Polymarket Odds For Bitcoin Friendly Kevin Warsh As Fed Chair Jump to 94% Ahead of Trump Decision

Author: Insidebitcoins
Source: Insidebitcoins
2026/01/30 16:10
2 min read

US President Donald Trump is expected to announce on Friday his intention to nominate Bitcoin-friendly Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell, whose term ends in May.

Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination.

“I’m going to be announcing, I think, a really great choice tomorrow,” Trump said while arriving at the premiere of first lady Melania Trump’s documentary.

According to reports, Trump met with Warsh at the White House, with a Reuters report saying that he impressed the president.

As a result, Warsh’s odds of being nominated as the next Federal Reserve chair surged from 30% to 94% on prediction market Polymarket, with the former frontrunner, BlackRock executive Rick Rieder, seeing his odds rank to 3.4%.

Trump’s Rhetoric Puts Warsh Ahead of the Pack

Kevin Warsh, National Economic Council Director; Kevin Hassett, BlackRock executive; Rick Reider; and Fed Governor Christopher Waller were the final four candidates.

Trump appeared set in his decision, as he said, “It’s going to be somebody that is very respected, somebody that’s known to everybody in the financial world.”

“And I think it’s going to be a very good choice,” Trump added.

Trump has long mentioned Warsh as one of his top candidates for the role, and met with the US president in December for his formal interview.

Warsh served as a Fed governor for five years after being nominated by President George W. Bush. He was also considered by Trump in 2017 for the role of Fed chair, which ultimately went to Jerome Powell.

“A lot of people think that this is somebody that could have been there a few years ago,” Trump told reporters Thursday night.

Trump has continued his attacks on Powell, saying the Fed chair should cut interest rates.

This also benefits crypto, as Warsh holds a far more favorable view of Bitcoin than Powell, who has consistently dismissed the cryptocurrency’s role in the US economy. 

Related News:

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MetaMask Unveils US Payment Card With Mastercard and On-Chain Rewards

MetaMask Unveils US Payment Card With Mastercard and On-Chain Rewards

MetaMask launches a US payment card with Mastercard, offering on-chain rewards and a metal card option enabled by Baanx and CompoSecure. MetaMask has introduced
Share
LiveBitcoinNews2026/02/27 13:00
Pi Network ARC-314 Update: Building a Decentralized Fortress with 421,000+ Nodes

Pi Network ARC-314 Update: Building a Decentralized Fortress with 421,000+ Nodes

    Pi Network continues to advance its mission to create a truly decentralized financial ecosystem with the AR
Share
Hokanews2026/02/27 13:46
FCA, crackdown on crypto

FCA, crackdown on crypto

The post FCA, crackdown on crypto appeared on BitcoinEthereumNews.com. The regulation of cryptocurrencies in the United Kingdom enters a decisive phase. The Financial Conduct Authority (FCA) has initiated a consultation to set minimum standards on transparency, consumer protection, and digital custody, in order to strengthen market confidence and ensure safer operations for exchanges, wallets, and crypto service providers. The consultation was published on May 2, 2025, and opened a public discussion on operational responsibilities and safeguarding requirements for digital assets (CoinDesk). The goal is to make the rules clearer without hindering the sector’s evolution. According to the data collected by our regulatory monitoring team, in the first weeks following the publication, the feedback received from professionals and operators focused mainly on custody, incident reporting, and insurance requirements. Industry analysts note that many responses require technical clarifications on multi-sig, asset segregation, and recovery protocols, as well as proposals to scale obligations based on the size of the operator. FCA Consultation: What’s on the Table The consultation document clarifies how to apply rules inspired by traditional finance to the crypto perimeter, balancing innovation, market integrity, and user protection. In this context, the goal is to introduce minimum standards for all firms under the supervision of the FCA, an essential step for a more transparent and secure sector, with measurable benefits for users. The proposed pillars Obligations towards consumers: assessment on the extension of the Consumer Duty – a requirement that mandates companies to provide “good outcomes” – to crypto services, with outcomes for users that are traceable and verifiable. Operational resilience: introduction of continuity requirements, incident response plans, and periodic testing to ensure the operational stability of platforms even in adverse scenarios. Financial Crime Prevention: strengthening AML/CFT measures through more stringent transaction monitoring and structured counterpart checks. Custody and safeguarding: definition of operational methods for the segregation of client assets, secure…
Share
BitcoinEthereumNews2025/09/18 05:40