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Trump-nominated Kevin Warsh officially takes office as Federal Reserve Chair!
Warsh is the Fed Chair with the most in-depth understanding of cryptocurrencies to date. His previous views include "Bitcoin could become the new gold for people under 40" and that Bitcoin is a "good policy overseer."
Warsh has also criticized the Fed for talking too much and is extremely dissatisfied with the past excessive expansion of the Fed's balance sheet.
Wall Street generally estimates that even if he compromises on interest rates under Trump’s pressure, he would lean toward accelerating quantitative tightening.
This former crypto supporter now must prioritize the US dollar.
After taking the oath, he must set aside any faith in assets other than the dollar.