President Donald Trump nominates Kevin Warsh as Fed Chair
Analysis
Price Impact
HighThe nomination of kevin warsh as fed chair is a significant event. while warsh has some background in the crypto space (investor in basis, adviser for electric capital), the market's immediate interpretation, as highlighted by coindesk, is that he is 'seen as bearish for bitcoin'. this perception, combined with his potential influence on monetary policy under a trump administration, suggests a less favorable environment for risk assets like cryptocurrencies, potentially implying tighter monetary policy or increased regulatory scrutiny.
Trustworthiness
HighThe news comes from a reputable crypto news outlet (coindesk) confirming a presidential nomination, and it includes direct market sentiment analysis ('here's why fed contender kevin warsh is seen as bearish for bitcoin'). the reported market declines for btc and eth further corroborate the immediate impact.
Price Direction
BearishDespite his previous involvement with crypto projects, the prevailing sentiment from market analysts is that warsh is 'bearish for bitcoin'. a new fed chair can significantly influence interest rates and monetary policy, which directly impacts the liquidity and attractiveness of speculative assets like crypto. the current market downturn across btc, eth, and other digital assets post-nomination reinforces this bearish outlook.
Time Effect
LongA fed chair's term typically lasts for several years, and their monetary policy decisions have a long-lasting impact on financial markets, including cryptocurrencies. while there's an immediate reaction, the sustained influence on interest rates, inflation, and regulatory environment will play out over the long term.
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Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email President Donald Trump nominates Kevin Warsh as Fed Chair The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May. By Jamie Crawley | Edited by Sheldon Reback Jan 30, 2026, 12:02 p.m. Make us preferred on Google What to know : President Donald Trump nominated Kevin Warsh to be the new chair of the Federal Reserve. The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May. President Donald Trump nominated Kevin Warsh to be the new chair of the Federal Reserve. The President confirmed his pick in a post on Truth Social on Friday to replace the incumbent Jerome Powell when his term ends in May. STORY CONTINUES BELOW Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Warsh was an investor in a cryptocurrency project called Basis, which described itself as an algorithmic central bank. He has also served as an adviser for Electric Capital, a VC firm focused on crypto, blockchain and fintech. Donald Trump Federal Reserve Jerome Powell FastNews More For You Pudgy Penguins: A New Blueprint for Tokenized Culture By CoinDesk Research Dec 30, 2025 Commissioned by Pudgy Penguins Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale. What to know : Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. View Full Report More For You El Salvador's central bank buys $50 million of gold as government keeps adding bitcoin By Krisztian Sandor | Edited by Stephen Alpher 13 hours ago The bitcoin-friendly nation's central bank now holds over $360 million of the yellow metal, while the government, led by President Nayib Bukele, has bitcoin holdings worth $635 million. What to know : El Salvador's central bank added $50 million of gold to its reserves on Thursday. The country also made its usual purchase of 1 bitcoin, bringing the government’s holdings to 7,547 coins, worth $635 million. Read full story Latest Crypto News Bitcoin, ether extend declines as leverage unwind accelerates: Crypto Markets Today 32 minutes ago Gold's six-month rally versus bitcoin shows similarities to the 2019 cycle 1 hour ago U.S. dollar strength and volatility surge as markets nervously await U.S. open 1 hour ago Vitalik Buterin to spend $43 million on Ethereum development 2 hours ago U.S. listed bitcoin, ether ETFs bleed nearly $1 billion in a day 2 hours ago Binance to shift $1 billion user protection fund into bitcoin amid market rout 5 hours ago Top Stories Here's why Fed contender Kevin Warsh is seen as bearish for bitcoin 6 hours ago Bitcoin is going nuts with biggest volatility spike since November 6 hours ago Plunge in gold, silver, and copper sparks $120 million rout in blockchain metal clones 5 hours ago XRP bulls lose $70 million as Ripple-linked token plunges 7% 6 hours ago