CoinWorld News: The U.S. Senate confirmed Kevin Woch as a Federal Reserve Board member on Tuesday, with 51 votes in favor and 45 against. Woch is a candidate nominated by President Trump and is only one step away from becoming the Federal Reserve Chair. Woch has drawn attention from financial markets and the Bitcoin industry for his support of Bitcoin and his connections with crypto-related companies. He has said that Bitcoin is an “important asset,” and believes its price can reflect confidence in the Federal Reserve’s handling of inflation and monetary policy. Woch’s confirmation was also accompanied by his equity disclosure in Flashnet, a Bitcoin payment startup focused on Lightning Network transaction infrastructure. The market is closely watching whether Woch’s views on digital assets will affect the Federal Reserve’s policy direction.

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