Crypto

Kevin Warsh- Treasury Secretary, Succeed Fed Chair Powell

Donald Trump is considering Kevin Warsh for Treasury Secretary and to succeed Jerome Powell as Fed Chair when his term ends.

The front-runner for the US Treasury Secretary candidacy is former Federal Reserve Board of Governors official Kevin Warsh.

Warsh might be appointed Treasury Secretary immediately by Donald Trump’s transition team, and when his tenure ends, he could be named the next chair of the US Federal Reserve (Fed), succeeding Jerome Powell.

Despite being an early investor in cryptocurrency companies, Kevin’s decision to endorse CBDC has left the crypto community doubtful.

US President-elect Donald Trump suggested appointing Kevin Warsh as Treasury Secretary, according to sources who spoke to the Wall Street Journal on November 22.

On Wednesday, Warsh and Marc Rowan, CEO of Apollo Global Management, met with Donald Trump.

Warsh was also considered by the Trump transition team to succeed Jerome Powell as chairman of the Federal Reserve.

The tenure of Fed Chair Powell expires in the middle of 2026.

Scott Bessent, who would eventually succeed Warsh as Treasury Secretary, is another candidate Donald Trump is considering to head the White House National Economic Council.

The odds for the top Treasury position fluctuate significantly, according to polymarket statistics. Warsh has a 60% chance of being selected for the top Treasury job as of this writing.

Source: Polymarket

Debates on the candidates have accelerated after Gary Gensler formally announced his resignation as chair of the US SEC.

John Deaton, an attorney for XRP, said that Brad Bondi is his first pick to be the future chairman of the US SEC.

Notably, Pam Bondi, Brad’s sister and a former attorney general of Florida, has been nominated by President Donald Trump to be the next US attorney general.

The crypto community, including Ripple CLO Stuart Alderoty, asked the transition team to make the proper choice in selecting the SEC Chair, even though Kevin Warsh is in charge of the Treasury job.

Alderoty asserts that it is essential to ensure accountability and rebuild public confidence.

Paul Atkins, who supports cryptocurrency, is in the lead to succeed Gensler as SEC Chair. The crypto community and Deaton have praised the most recent developments under Trump. It might push XRP’s rise to $2 even higher.

Atkins has a 59% chance of becoming the next SEC chairman, according to the Kalshi prediction market. Although experts follow Atkins, there is a lot of variation in the prediction market data.

Source: Kalshi