TechFlow News, March 5: The U.S. President has submitted a nomination to the Senate to appoint Kevin Warsh as Chair of the Board of Governors of the Federal Reserve System for a four-year term; he is also nominated to serve as a member of the Federal Reserve Board for a fourteen-year term, beginning February 1, 2026. Warsh has stated that Bitcoin’s price volatility is too high for it to function as a unit of account or payment instrument, though it may serve as a store of value—similar to gold. He further contends that cryptocurrencies should be viewed more as software technology than as genuine money.
Add to Favorites
Share to Social Media
