CoinEx News: The U.S. Senate confirmed Kevin Warsh as Federal Reserve chair on May 13 in a 54-45 vote, clearing the way for him to succeed Jerome Powell as the Fed enters a new policy cycle. Warsh was also confirmed as a Fed governor for a 14-year term and has described Bitcoin as an important asset and policy signal, while framing crypto more as financial technology than a dollar substitute.

The leadership change puts rate-cut expectations, Fed independence, and liquidity policy back at the center of crypto pricing, with BTC likely to stay sensitive to Treasury yields and dollar liquidity before the June FOMC meeting.