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This Week In Crypto
14 May 2026

Clarity Act makes progress

The Senate Banking Committee advanced the Clarity Act to the Senate. Warsh has been confirmed as the next Fed Chair, while Schwab is following Morgan Stanley in piloting spot crypto trading through its new platform, “Schwab Crypto”
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Kevin Warsh, the next Fed Chair
The Senate confirmed President Donald Trump’s nominee Kevin Warsh as the next Federal Reserve Chair in a 54–45 vote, replacing Jerome Powell when his term ends Friday. Warsh, a former Fed governor and Morgan Stanley banker, is viewed as more crypto-friendly and has investments tied to several crypto firms and tokens, disclosures showed during his nomination process. His confirmation follows growing tensions between Trump and Powell over interest rates and scrutiny surrounding Powell’s leadership at the central bank.
Schwab pilots crypto spot trading
Charles Schwab has launched direct spot bitcoin and ether trading for an initial group of eligible retail clients through its new “Schwab Crypto” platform, marking a major step beyond its previous crypto ETF and derivatives offerings. The service, available in most U.S. states, uses Ch
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