Trump has been regularly calling Federal Reserve Chair Kevin Warsh, whom he appointed and who was sworn in on May 22, 2026 after replacing Jerome Powell, to discuss the economy and his outlook, raising questions about central bank independence. Warsh’s Fed held interest rates steady during its June and July 2026 meetings, despite pressure from the president for cuts. During his confirmation process, Warsh disclosed holdings in over 30 crypto projects, a level of personal exposure to digital assets unprecedented for any prior Fed nominee. He described Bitcoin as an important asset that holds the potential to enforce market discipline. This crypto-friendly posture could accelerate institutional adoption of digital assets by banks, asset managers, and pension funds.
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