The U.S. Senate confirmed Kevin Warsh on Wednesday as the next chair of the Federal Reserve, clearing a pathway for him to take over the central bank’s reins.

Following months of tension marked by President Donald Trump’s pressure campaign against Fed Chair Jerome Powell, lawmakers voted 54-45 in favor of Warsh. A Department of Justice investigation into Powell, recently closed, had become a barrier for some officials in supporting Warsh’s nomination.

Although Warsh has called some crypto projects fraudulent and worthless, he disclosed earlier this year investments in crypto-native projects such as Polymarket and Solana. In an interview published earlier this year, he also said that Bitcoin “does not make me nervous.”

The price…