A report from Crypto Briefing published May 15 says Kevin Warsh is the likely successor to Jerome Powell as Chair of the Federal Reserve. The news, citing unnamed sources, suggests an announcement could come as soon as today. If accurate, the move would put a former Fed governor in charge of U.S. monetary policy at a time when crypto regulation remains a hot topic.
The report
Crypto Briefing's story, posted this morning, states that Warsh is “likely” to be tapped for the job. The outlet did not name its sources or provide a detailed timeline beyond the May 15 date. Warsh served on the Federal Reserve Board of Governors from 2006 to 2011.
The Fed chair oversees interest rates, bank regulation, and the central bank's stance on digital assets. A new leader could bring a different approach to crypto oversight, stablecoin rules, or even a potential U.S. central bank digital currency. Markets are watching closely, though no policy changes have been proposed.
No official confirmation has come from the White House or the Federal Reserve. The report does not specify whether Powell's current term is ending or if a transition is planned. Warsh would require Senate confirmation if nominated. The story is developing, and further details may emerge later today.
