Senate Banking Committee Schedules Kevin Warsh Fed Chair Confirmation Hearing for April 21
The next Fed Chair goes before the Senate. Jerome Powell's term expires May 15.
What Changed
The Senate Banking Committee scheduled the confirmation hearing for Kevin Warsh, President Trump's nominee to serve as the next Chair of the Federal Reserve Board of Governors, for April 21, 2026. Jerome Powell's term as Chair expires May 15, 2026. The path to confirmation is uncertain — Senator Tillis has stated he will withhold his vote until a DOJ investigation into Chairman Powell is resolved.
Who It Affects
Every financial institution, fintech, and digital asset company supervised by the Federal Reserve. The incoming Chair's posture on digital asset banking, stablecoin regulation, and Fed master account access for crypto firms will shape the regulatory environment for years.
What to Do
Monitor the confirmation hearing for signals on digital asset policy. If you are a crypto firm with a pending or planned Fed master account application, the incoming Chair's views on this topic will determine the timeline and feasibility.
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