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Fed Chair Nominee Warsh Supports Integrating Crypto into Financial System Amid Regulatory Concerns
On April 22, Kevin Warsh stated during a Senate hearing that digital assets “have become a part of the U.S. financial system” and expressed support for their integration into the financial system to provide more opportunities and protections for investors. This statement is seen as a signal of a relatively open policy towards the crypto industry should he become Fed Chair. Warsh has previously referred to Bitcoin as “an important asset for policy-making.” However, Elizabeth Warren raised concerns during the hearing, mentioning risks such as “sock puppet” accounts in the crypto space and emphasizing the need for enhanced regulation and abuse prevention.