Federal Reserve Chair nominee Warsh supports the inclusion of crypto in the financial system, prompting lawmakers to raise regulatory questions.

Odaily Planet Daily reports that Kevin Warsh stated at a Senate hearing that digital assets "have become part of the U.S. financial system" and supports their inclusion in the financial system to provide investors with more opportunities and protection. This statement is seen as a policy signal of a generally open approach to the crypto industry should he become the Federal Reserve Chairman. Warsh has previously called Bitcoin "an important asset that helps policymakers." However, Elizabeth Warren expressed concerns during the hearing, mentioning potential risks such as "sock puppets" in the crypto space and emphasizing the need for stronger regulation and prevention of abuse.