DOJ Drops Criminal Probe of Fed Chair Powell, Clearing Path for Warsh
Bitcoin Magazine DOJ Drops Criminal Probe of Fed Chair Powell, Clearing Path for Warsh The Department of Justice closed its criminal investigation into Federal Reserve Chair Jerome Powell on Friday. This post DOJ Drops Criminal Probe of Fed Chair Powell, Clearing Path for Warsh first appeared on Bitcoin Magazine and is written by Micah Zimmerman....
Key takeaways
- 1DOJ closed criminal investigation into Fed Chair Powell over $2.5 billion headquarters renovation cost overruns on Friday.
- 2Kevin Warsh, a hawkish Fed candidate, faces swift Senate confirmation expected before Powell's May 15 term expiration.
- 3Bitcoin traded $70,000–$92,000 range in 2026; Warsh's hawkish stance may delay rate cuts institutional investors anticipated.
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Why it matters
For Indian crypto investors, U.S. Fed leadership changes directly impact Bitcoin volatility and global liquidity conditions. A hawkish Warsh could delay rate cuts, potentially suppressing Bitcoin's upside while strengthening the dollar—affecting INR-denominated crypto returns and cross-border trading.
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