Warsh — a candidate with a crypto-friendly attitude
The election of Kevin Warsh as the head of the Federal Reserve could have a significant impact on the regulation and development of the cryptocurrency industry in the United States. Warsh is known for his positive attitude towards digital assets and blockchain technology, which could contribute to a more friendly policy of the Federal Reserve towards this growing sector.
In 2017, Warsh publicly expressed support for cryptocurrencies, stating that they have innovative potential and can bring benefits to the economy. He also criticized overly strict regulation, which, in his opinion, can harm the development of new technologies.
The appointment of Warsh as the head of the Federal Reserve may mean a more loyal approach of the regulator to cryptocurrencies and ICOs. This will have a positive impact on investor confidence and the growth rate of the entire industry. However, one cannot rule out conservative steps by the Federal Reserve to control the risks associated with the volatility and speculation in the cryptocurrency market.
Overall, Trump's choice can become an important milestone in the development of the crypto-industry in the United States, especially if Warsh adheres to the position he has previously expressed towards digital assets.