Warsh at the Fed: crypto cheers, macro frowns.
By Maxime Laurent · 2026-01-30 15:10
Warsh at the Fed: crypto cheers, macro frowns.
New chair, new tone — but not necessarily easier money.
It’s official: Kevin Warsh is the new chairman of the Federal Reserve. Jerome Powell is expected to step down in May, closing a very long chapter.
Crypto Twitter is already celebrating. Warsh has spoken positively about digital assets in the past, so the knee-jerk reaction is “bullish for crypto.” I get it. Narratives love shortcuts.
But let’s slow down. Warsh is also known for favoring tighter monetary discipline. Less tolerance for inflation. Less love for emergency liquidity. And crypto, whether people like it or not, still breathes liquidity.
So yes — rhetorically, this could be a friendlier Fed for crypto as an industry.
But monetarily? This could mean a tougher environment for speculative assets, at least short term.
This is the classic confusion: pro-innovation doesn’t always mean pro-markets. A Fed can respect crypto and keep financial conditions tight. The two aren’t mutually exclusive.
I’d call this neutral-to-complex, not instantly bullish. Markets will have to adapt to policy, not quotes. Comme toujours.
#macro #FederalReserve #KevinWarsh #crypto #BTC #liquidity #markets #CryptoFriture
New chair, new tone — but not necessarily easier money.
It’s official: Kevin Warsh is the new chairman of the Federal Reserve. Jerome Powell is expected to step down in May, closing a very long chapter.
Crypto Twitter is already celebrating. Warsh has spoken positively about digital assets in the past, so the knee-jerk reaction is “bullish for crypto.” I get it. Narratives love shortcuts.
But let’s slow down. Warsh is also known for favoring tighter monetary discipline. Less tolerance for inflation. Less love for emergency liquidity. And crypto, whether people like it or not, still breathes liquidity.
So yes — rhetorically, this could be a friendlier Fed for crypto as an industry.
But monetarily? This could mean a tougher environment for speculative assets, at least short term.
This is the classic confusion: pro-innovation doesn’t always mean pro-markets. A Fed can respect crypto and keep financial conditions tight. The two aren’t mutually exclusive.
I’d call this neutral-to-complex, not instantly bullish. Markets will have to adapt to policy, not quotes. Comme toujours.
#macro #FederalReserve #KevinWarsh #crypto #BTC #liquidity #markets #CryptoFriture
Disclaimer: This content is for informational purposes only and not financial advice.