**đŠ Lions_Lionish (LionishđŠ) & Crypto Warriors â MAJOR BULLISH CATALYST: DOJ Drops Probe on Powell, Clearing Path for Crypto-Friendly Kevin Warsh as Next Fed Chair! đ**
Breaking FedGate news just dropped (April 26, 2026) â and it could be one of the most important developments for crypto this year.
The U.S. Department of Justice, via U.S. Attorney Jeanine Pirro, has officially **dropped its criminal investigation** into current Federal Reserve Chair Jerome Powell. The probe (centered on allegations around the Fedâs headquarters renovation costs) is now closed, removing a major political roadblock.
This directly clears the runway for President Trumpâs nominee, **Kevin Warsh**, to become the next Fed Chair.
Why This Matters for Crypto:
- Kevin Warsh is **openly pro-digital assets**. During his recent Senate Banking Committee hearing, he stated that crypto is "**already part of the fabric of our financial services industry**" in the U.S.
- His personal financial disclosures reveal investments in **dozens of crypto projects**, including:
- dYdX (decentralized derivatives)
- Dapper Labs (NFTs / NBA Top Shot)
- Solana, Optimism, Blast, and other Layer-1/Layer-2 plays
- Various DeFi and infrastructure projects
A Warsh-led Fed could mean:
- More dovish or at least crypto-aware monetary policy
- Faster progress on **crypto market structure legislation**
- Grayscaleâs Zach Pandl noted this could help unblock the **Clarity Act** (Digital Asset Market Clarity Act) in the Senate Banking Committee â a bill thatâs been stalled for over a year and aims to bring regulatory clarity to digital assets, stablecoins, and DeFi.
Senator Thom Tillis (R-NC), whose vote was critical, had previously said he wouldnât support Warsh until the DOJ probe was dropped. That obstacle is now gone.
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