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Warsh Confirmed as Fed Governor, Crypto Bill Markup Thursday
Description
Senate confirms Kevin Warsh as Federal Reserve governor, setting stage for potential chair confirmation showdown. Warsh, a former governor under Bush and Obama, seeks a fourteen-year term. Powells chair role ends Friday, with Trump threatening to remove him early. Warshs confirmation raises concerns about market stability and Fed independence, especially after he praised Bitcoin. The Senate Banking Committee introduces the Digital Asset Market Clarity Act, aiming to bridge industry gaps in stablecoin yields.
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