US President Donald Trump nominated Kevin Warsh to lead the Fed, but the financier’s plans to lower interest rates may come up against hard economic realities and a split board. The US Senate could soon hear testimony to confirm financier Kevin Warsh as the new chair of the Federal Reserve. Warsh, who previously served on the Fed’s Board of Governors from 2006 to 2011, has criticized the central bank’s policies under current chair Jerome Powell. Warsh has called for “regime change” and lower interest rates. Regarding crypto, Warsh has a somewhat nuanced approach. He hails Bitcoin as a sustainable store of value, but claims it doesn’t function as money. Read more
David Sacks will lead a new tech-focused advisory group established by the White House, which will include key leaders like Nvidia’s Jensen Huang and Meta’s Mark Zuckerberg. David Sacks, a venture capitalist who became a special White House official under US President Donald Trump last year, has wrapped up his 130-day tenure as crypto and AI czar but will continue to shape policy in a new role. “We've now used up that time,” Sacks told Bloomberg on Thursday, noting that he will continue making policy recommendations across a broad range of tech industries as co-chair of the President’s Council of Advisors on Science and Technology (PCAST). Sacks has been an influential figure in the White House since Trump tabbed him in December 2024 as his key adviser on technology. Reuters noted that under US rules, such special government employees are limited to 130 days of work in a 12-month period. Read more
The Treasury Department announced plans to add US President Donald Trump’s signature to US currency, reportedly starting with the $100 bill in June. US President Donald Trump is set to become the first sitting president in history to have his signature put on US paper currency. In an announcement on Thursday, the US Department of the Treasury said the move would mark the 250th anniversary of the US. It will put both Trump and Treasury Secretary Scott Bessent’s signatures on future US notes. “There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said. Read more
The council, co-chaired by White House AI and crypto czar David Sacks and science advisor Michael Kratsios, include Mark Zuckberg, Larry Ellison and Jensen Huang. US President Donald Trump announced the appointment of 13 members from the crypto, blockchain, AI, and technology industries to his Council of Advisors on Science and Technology, re-established by executive order in January 2025. In a Wednesday notice, the White House said that the council would include Meta CEO Mark Zuckerberg, Coinbase co-founder Fred Ehrsam, Nvidia CEO Jensen Huang, Oracle chief technology officer Larry Ellison, and others from major tech companies. According to the White House, the council could have up to 24 members, many of whom “will be appointed in the near future.” Read more
The SEC’s handling of cases involving Justin Sun and Elon Musk was among the factors that caused the agency’s top enforcement official to quit, according to sources. Update (March 25, 12:18 am UTC): This article has been updated to add a response from the SEC. The US Securities and Exchange Commission's former top enforcement official reportedly clashed with the regulator’s top brass before resigning last week, with part of the reason being how the agency handled cases involving those close to US President Donald Trump. Margaret Ryan, the ex-director of the SEC's Division of Enforcement, wanted to pursue fraud and other charges in cases involving those in Trump’s orbit, but was resisted by SEC Chair Paul Atkins and other Republican political appointees, Reuters reported on Monday, citing people familiar with the matter. Read more
Bitcoin moved back above $71,000 after US President Donald Trump postponed Iran strike for five days, sending oil price crashing below $100. Bitcoin (BTC) broke back toward $71,000 during Monday’s European trading session as US President Donald Trump said attacks on Iran’s power infrastructure would be postponed. Key takeaways: Bitcoin bounces 5% to $71,000 after President Trump said US attacks on Iran's infrastructure would be postponed. Read more
Bitcoin and Asian markets dropped on Monday as Iran escalated threats to strike critical infrastructure in the Gulf. Crypto and the wider markets tumbled on Monday as the US and Iran escalated threats toward one another for the fourth week, sending oil prices seesawing. US President Donald Trump posted to Truth Social on Sunday that the US would “hit and obliterate” Iranian power plants, “starting with the biggest one first,” if the country didn’t open the Strait of Hormuz within 48 hours. Iran responded by saying it will answer any US strikes on its power or water infrastructure with attacks on US and Israeli assets in the Gulf and threatened to completely close the Strait, one of the world’s vital oil shipping lanes. Read more