Kevin Warsh To Serve As Treasury Secretary, Replace Fed Chair Powell Later: WSJ
Highlights
- Donald Trump considering appointing Kevin Warsh as Treasury Secretary
- Warsh is expected to replace Federal Reserve Chairman Jerome Powell in 2026.
- Scott Bessent iis in discussion to replace Warsh as Treasury Secretary later.
- Pro-crypto Paul Atkins leads the race to replace Gary Gensler as next SEC Chair.
Kevin Warsh, former Federal Reserve Board of Governors official, leads the US Treasury Secretary nomination race. Donald Trump’s transition team considering appointing Warsh as Treasury Secretary now and later naming him as US Federal Reserve (Fed) Chair replacing Jerome Powell when his term gets over.
The crypto community remains skeptical about Kevin as he turned towards supporting CBDC despite being an early investor in crypto firms.
Trump Likely to Nominate Kevin Warsh as US Treasury Secretary
Sources told the Wall Street Journal on November 22 that US President-elect Donald Trump floated the idea of naming Kevin Warsh as Treasury Secretary. Warsh and Apollo Global Management CEO Marc Rowan met with Donald Trump on Wednesday.
Also, the Trump transition team considered Warsh to replace Jerome Powell later as Federal Reserve Chairman. Fed Chair Powell’s term ends in mid-2026. Donald Trump is also thinking about appointing Scott Bessent to lead the White House National Economic Council and later replace Warsh as the Treasury Secretary.
Polymarket data indicates significant fluctuations in odds for the top Treasury position. At press time, Warsh leads with 60% odds of getting picked for the top Treasury position.
US SEC Chairman Position In Discussion
Gary Gensler has officially announced his resignation as US SEC Chair and debates on the candidates have picked pace. XRP lawyer John Deaton supports Brad Bondi as his first choice to become the next US SEC Chairman. Notably, President Donald Trump has nominated Brad’s sister former Florida AG Pam Bondi as the next Attorney General of the United States of America.
While Kevin Warsh leads for Treasury position, crypto community including Ripple CLO Stuart Alderoty requested the transition team to make the right call with the SEC Chair pick. Alderoty claims guaranteeing accountability and restoring public trust again is crucial.
Meanwhile, pro-crypto Paul Atkins leads the race to replace Gensler as SEC Chair. Deaton and the crypto community have welcomed the latest progress under Trump. It could fuel the XRP rally to $2 further.
Kalshi prediction market indicates 59% odds for Atkins to become the next SEC Chairman. While experts adhere to Atkins, the data on prediction markets is fluctuating significantly.
- LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus
- ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers
- USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
