BlockBeats News, May 14th, the US Senate approved Kevin Wash as the Federal Reserve Chair, the White House stated that Kevin Wash has been confirmed as the Federal Reserve Chair. Kevin Wash previously stated in an interview in 2025 that Bitcoin is a highly disruptive new technology, not only is it a significant asset, but it also serves as a "checkup" for decision-makers. "Whether we are right or wrong, you can tell by its price, so it is more like the watchdog of monetary policy."

"I see true innovators in the crypto industry, and I want to tell those suit-wearing bankers that Bitcoin is just a string of code, it is now the coolest software, it will give us the ability to do things that were previously impossible, so the key is that we must ensure that cryptographic technology develops in the United States, that innovative talent comes to the United States, this is America's opportunity, and the next decade will create extraordinary value."

Michael Saylor previously stated that Kevin Wash will be the first Federal Reserve Chair to support Bitcoin. Coinbase Chief Legal Officer Paul Grewal congratulated Kevin Wash on being approved as the next Federal Reserve Chair. He stated that Kevin Wash has long advocated for taking cryptocurrency innovation seriously, and believes that builders in the crypto industry are part of America's economic competitiveness. The Federal Reserve has long needed this perspective, looking forward to Kevin Wash setting a new tone for the Fed in the coming years.