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What Trump's Fed Chair pick means for crypto 🔎

What Trump's Fed Chair pick means for crypto 🔎

Donald Trump's pick for the new Fed Chair has previously expressed mixed views on cryptocurrency, and supported the creation of a CBDC.

Stephen Graves
January 30, 2026

📝 What you need to know

U.S. President Donald Trump has revealed his pick for the Federal Reserve Chair, nominating former Fed governor Kevin Warsh for the role.

Warsh, a former investment banker, has expressed mixed views on crypto in the past, having previously written that cryptocurrency was a misnomer because it was “software, not money.” He’s also backed the creation of a CBDC over stablecoins, doubting their “stability in stressful times” even in the event of “bank-like regulation” of the cryptocurrencies.

His appointment comes as crypto markets continued their downward slide, with Bitcoin dropping to a nine-month low and U.S. spot Bitcoin ETFs shedding $817 million. On prediction market Myriad, owned by Decrypt’s parent company Dastan, sentiment has unsurprisingly turned bearish, with traders now placing an almost even chance on Bitcoin’s next move taking it to either $100,000 or $69,000.

What Trump’s Fed Pick Kevin Warsh Means for Crypto

U.S. President Donald Trump has nominated Kevin Warsh to replace Jerome Powell, elevating a former Fed governor with mixed views on crypto.

📰 In the News

Bitcoin Traders See Nearly Even Odds for $69K Drop or $100K Recovery

Bitcoin traders on Myriad now see nearly equal odds that BTC hits $69K before $100K, after the price of the top coin plunged Thursday.

Democrats Press DOJ Deputy Over Crypto Holdings, Enforcement Retreat

A group of Democratic senators is pressing the Justice Department over ethics questions tied to a rollback in crypto enforcement.

Vitalik Buterin Withdraws $44.7M in ETH to Support Ethereum Growth Through ‘Mild Austerity’

The Ethereum co-founder wants to pursue an “aggressive” roadmap that will strengthen its status as a decentralized world computer.

decrypt.co/356490/vitalik-buterin-withdraws-44-7m-in-eth-to-support-ethereum-growth-through-mild-austerity

📊 Myriad Market of the Day

Bitcoin’s next move: Pump to $100K or Dump to $69K?

Trade "Bitcoin’s next move: Pump to $100K or Dump to $69K?" on Myriad

🤡 Meme of the Day

Source: Reddit

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With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

🕵🏻‍♀️ Editor’s Picks

WallStreetBets Founder Cries Foul After Reddit Cracks Down on Miami Convention

A Miami-based conference dedicated to the most reckless traders in finance and crypto underwent a last-minute name change because of Reddit.

Former Google Engineer Convicted of Stealing AI Secrets for China

A U.S. jury found Linwei Ding guilty of economic espionage and trade secret theft after he stole Google’s sensitive AI infrastructure data.

Ethereum's Oldest Crisis Reborn as a $220 Million Security Fund

Unclaimed Ethereum from a decade-long hack will be staked and distributed to fund audits, tooling, and incident responses.

📚 Watch and Learn

📹️ WATCH: Crypto Wallets Can ‘Directly Compete With Neobanks'

Bitget Wallet CMO Jamie Elkaleh tells Decrypt how the platform is evolving from a crypto wallet to a everyday finance app that seamlessly integrates crypto with TradFi, building on its vision of "Crypto for Everyone."