Vosh's resume covers DeFi, L1, and prediction markets all around; the Federal Reserve finally has someone who understands on-chain.

Crypto News, Kevin Waugh took the oath of office as Federal Reserve Chair at the White House on Friday, becoming the first Fed Chair to be sworn in at the White House since Alan Greenspan in 1987. Waugh succeeded Jerome Powell, who has held the position since 2018, and will continue to serve on the Federal Reserve Board until 2028. After taking the oath, Waugh stated that the Fed's mission is to promote price stability and maximum employment. He pledged to lead a "reform-oriented Federal Reserve" and said he would not pre-decide interest rates at the request of any election officials. Markets expect the first Federal Open Market Committee (FOMC) meeting under Waugh to be held on June 17. Bitcoin traded around $77,400 during Friday's session, remaining largely unchanged. Waugh is widely regarded as the most crypto-savvy Federal Reserve Chair in history, with his financial disclosures showing involvement in decentralized finance, layer-one networks, and prediction markets.