Federal Reserve Chair nominee Kevin Warsh faced questioning at his confirmation hearing before the Senate Banking Committee regarding his disclosures of over $100 million in finances, potential conflicts of interest, and the Fed's independence. Senator Elizabeth Warren questioned whether he might provide special accounts for Trump family crypto companies or bailouts for Wall Street. Warsh stated that his holdings include cryptocurrency and AI companies and pledged to divest these assets before taking office if nominated. Regarding cryptocurrencies, Warsh stated that digital assets are part of the U.S. financial services industry. Furthermore, Warsh denied that Trump had asked him to commit to any specific interest rate decisions. Jerome Powell's term ends on May 15th, and Polymarket users predict a 78% probability of his nomination being approved before June.