kevin Warsh is being considered for both the Treasury Secretary role and as a successor to Federal Reserve Chair Jerome Powell.
Within the United States Treasury Secretary nomination contest, Kevin Warsh, a former official on the Federal Reserve Board of Governors, is currently in the lead. The transition team for Donald Trump is contemplating the possibility of nominating Warsh as Treasury Secretary at this time, with the intention of eventually naming him as the Chair of the Federal Reserve (Fed) to succeed Jerome Powell when Powell’s term comes to an end.
Trump Likely to Nominate Kevin Warsh as US Treasury Secretary
Despite being an early investor in cryptocurrency companies, Kevin’s decision to promote CBDC has led to skepticism within the cryptocurrency community. On November 22, sources told the Wall Street Journal that Donald Trump, the incoming president of the United States, raised the possibility of appointing Kevin Warsh to the position of Treasury Secretary.
The meeting between Warsh and Marc Rowan, CEO of Apollo Global Management, and Donald Trump took place on Wednesday. The Trump transition team also looked at Warsh as a possible replacement for Jerome Powell as Chairman of the Federal Reserve.
The term of Fed Chair Powell will expire in the middle of 2026. In addition, Donald Trump is considering nominating Scott Bessent to the position of head of the White House National Economic Council, with the intention of thereafter replacing Warsh as the Secretary of the Treasury.
Statistics from Polymarket show significant fluctuations in the odds for the top Treasury position. At the time of this publication, Warsh is in the lead with sixty percent of the candidates for the top Treasury position.
US SEC Chairman Position In Discussion
Gary Gensler has made the official announcement that he will be resigning from his position as Chair of the United States Securities and Exchange Commission, and discussions regarding the candidates have picked up speed.
The attorney for XRP, John Deaton, feels that Brad Bondi should be the next chairman of the United States Securities and Exchange Commission. Particularly noteworthy is the fact that President Donald Trump has proposed Pam Bondi, Brad’s sister and the former Attorney General of Florida, to be the next Attorney General of the United States of America.
As Kevin Warsh continues to lead the race for the Treasury position, members of the cryptocurrency community, including Ripple’s Chief Legal Officer Stuart Alderoty, have recommended that the transition team make the appropriate choice about the SEC Chair.
To restore public trust and accountability, Alderoty says, is crucial.Currently, pro-cryptocurrency advocate Paul Atkins is leading the race to succeed Gensler as Chair of the Securities and Exchange Commission.
The cryptocurrency community, including Deaton, has expressed their satisfaction with the most recent developments under Trump’s administration. This could potentially fuel the XRP rally to $2.
According to the Kalshi prediction market, there is a 59% chance that Atkins will become the next Chairman of the SEC. Professionals widely accept Atkins, yet the data on prediction markets is prone to significant fluctuations.