- Trump appoints Kevin Warsh as Fed Chair, bypassing Rick Rieder.
- Potential crypto market shifts due to leadership change.
- Rieder’s exclusion removes Bitcoin advocacy from Fed selection.
On January 29, 2026, President Trump appointed Kevin Warsh as the new Federal Reserve Chair, following a Thursday meeting, sidelining BlackRock’s Rick Rieder.
Warsh’s appointment may shift Federal Reserve policies, impacting financial markets, including cryptocurrencies, as previously anticipated changes by Rieder will not materialize.
Trump Appoints Kevin Warsh as New Fed Chair
Kevin Warsh, previously a Governor on the Federal Reserve Board and an academic at Stanford, accepted the Chairmanship after meeting with President Trump. Rick Rieder, a top contender from BlackRock, was informed he would not get the role. This decision aligns with Trump’s forthcoming policy vision as he nears the end of Jerome Powell’s term, scheduled for May 2026.
With Warsh at the helm, analysts anticipate potential monetary policy shifts. Rieder’s non-appointment eliminates a significant advocate for integrating Bitcoin into mainstream investment portfolios. This could impact strategic decisions by financial markets that have factored in Rieder’s crypto-friendly stance.
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Kevin Warsh will bring a wealth of experience to the Federal Reserve, and I am confident in his ability to guide our economy forward. – President Donald Trump
Bitcoin Price Drops Amid Federal Reserve Leadership Shift
Did you know? Kevin Warsh, at 36 years old, was the youngest appointed to his former role on the Federal Reserve Board, demonstrating a historical precedent for leadership readiness.
According to CoinMarketCap, Bitcoin (BTC) currently trades at $82,389.33 with a market cap of 1.65 trillion USD, representing a market dominance of 58.66%. Trading volumes reached 74.19 billion USD in the past 24 hours, showing a change of 71.48%. BTC’s price dropped 6.32% in the last day and 8.21% over the week. Supply remains limited with 19.98 million BTC in circulation out of a maximum of 21 million.
Coincu research team notes that Warsh’s elevation could prompt a reevaluation of the Federal Reserve’s cryptocurrency policy frameworks. Expectations of regulatory adjustments might influence investor sentiment across financial sectors, including emerging blockchain technologies and digital assets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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