On May 14th, the U.S. Senate approved Kevin Waugh to serve as Federal Reserve Chair, and the White House announced that Kevin Waugh has been confirmed as the Federal Reserve Chair. Kevin Waugh previously stated in a 2025 interview that Bitcoin is a highly disruptive new technology, an important asset, and a "health report" for decision-makers. "We can tell whether we're doing right or wrong by looking at its price, so it’s more like a supervisor of monetary policy."

"I see genuine innovators in the crypto industry, and I want to tell those suited bankers that Bitcoin is just a string of code. It’s now the coolest software, and it will give us the ability to do things we could never do before. Therefore, the focus is on ensuring that crypto technology develops in the U.S., that innovative talent comes to America. This is America’s opportunity, and it will create extraordinary value over the next decade."

Michael Saylor previously stated that Kevin Waugh would be the first Federal Reserve Chair to support Bitcoin. Coinbase Chief Legal Officer Paul Grewal congratulated Kevin Waugh on his approval to become the next Federal Reserve Chair. He also said that Kevin Waugh has long advocated for serious consideration of crypto innovation and believes that crypto industry builders are part of America’s economic competitiveness. The Federal Reserve has long needed such a perspective, and we look forward to Kevin Waugh setting a new tone for the Fed in the coming years. #Gate广场五月交易分享