Federal Reserve Chairman nominee Kevin Warsh supports the integration of crypto assets into the financial system, while Warren expresses concern that they could become "puppet masters."

CoinFeed reported on April 22 that, according to The Block, Federal Reserve Chairman nominee Kevin Warsh stated at his Senate Banking Committee hearing that digital assets have become integrated into the U.S. financial services industry and should be included in the financial system. Warsh's previously disclosed financial information shows that he holds dozens of crypto assets, including dYdX, Lighter, Polychain, Dapper Labs, Solana, and Optimism. Warsh supports exploring limited central bank digital currencies (CBDCs) but stated that issuing a CBDC would be a "bad policy choice." Senate Banking Committee senior Democrat Elizabeth Warren implied at the hearing that Warsh could become a "puppet" of Trump, suggesting that this could lead to the president using the Federal Reserve's power to benefit his family's crypto companies.