Will XRP Skyrocket With Warsh Heading the Fed? Gemini Outlines Ripple’s Path Forward
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Kevin Warsh replaced Jerome Powell as Federal Reserve Chair on Friday after Powell’s more than eight-year tenure, becoming the seventeenth Fed Chair. The Trump-appointed Warsh is seen as more open-minded on monetary policy and has expressed past support for BTC, which could boost crypto adoption and prices, though it is unclear whether that support will extend to altcoins or change interest-rate dynamics.
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After more than eight years at the helm of America’s central bank, Jerome Powell’s term ended on Friday, and he was replaced by the seventeenth Federal Reserve Chair, Kevin Warsh.
Given US President Trump’s growing public issues with Powell for refusing to lower the key interest rates, the POTUS’s new pick is expected to have a more open-minded approach to the institution’s monetary policy. He has also expressed support for BTC in the past, which has some altcoin fans questioning whether it extends to other crypto assets.
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