Federal Reserve Chair Nominee Kevin Wash Testifies on Potential Conflicts of Interest and Independence

According to Crypto界, during a confirmation hearing before the Senate Banking Committee, Kevin Warsh, President of the Federal Reserve Chair nominee, was questioned about his financial disclosures exceeding $100 million, potential conflicts of interest, and the Federal Reserve’s independence. Senator Elizabeth Warren questioned whether he might provide special accounts for a crypto company belonging to the Trump family, or offer a bailout to Wall Street. Kevin Warsh said his holdings include cryptocurrencies and AI companies, and he pledged to divest the relevant assets before taking office if his nomination is approved. Regarding cryptocurrencies, Kevin Warsh said digital assets are part of the U.S. financial services industry. He also denied that Trump had asked him to commit to any specific interest-rate decisions. Currently, Jerome Powell’s term ends on May 15, and Polymarket users predict the probability that his nomination will be approved before June is 78%.