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Jerome Powell's tenure as Chair ends May 15. He's stepping down from the top job but staying on as a Governor for now (to keep a low profile amid the transition).
Next up: Kevin Warsh, Trump's nominee, is advancing fast — Senate Banking Committee just backed him. Expect a new era of Fed leadership soon.
As far as crypto's reaction is considered about this transition, I expect weeks of sideways till the breakout towards 100K happens.
$BTC #crypto