[U.S. Senate Confirms Warsh as Federal Reserve Governor] Foresight News reports that the U.S. Senate has confirmed Kevin Warsh as a member of the Federal Reserve Board of Governors with a vote of 51 in favor and 45 against. The Senate is expected to immediately initiate the confirmation process for Warsh to concurrently serve as Federal Reserve Chair, with procedural votes potentially concluding as early as May 13. Current Chair Powell's eight-year term will expire this Friday; during the ongoing federal investigation into renovation projects at the Federal Reserve headquarters, Powell plans to remain on the Board of Governors. Kevin Warsh previously held investments in cryptocurrency and blockchain enterprises and has pledged to largely divest these holdings. As the Federal Reserve considers regulatory rules related to stablecoins, bank custody of crypto assets, and digital payment systems, Warsh's background positions him as a senior Federal Reserve official familiar with the digital asset sector.