Kevin Warsh is set to be sworn in as the new Chair of the U.S. Federal Reserve on Friday, succeeding Jerome Powell. This leadership transition at the central bank is closely watched by financial and crypto markets due to the Fed's influence on interest rates and liquidity. Warsh, who previously served as a Fed governor during the global financial crisis, brings experience in managing market stress. Crypto investors are particularly attentive to Warsh's stance on inflation and interest rates, as these factors significantly impact digital asset prices. A cautious approach from Warsh could signal prolonged higher rates, potentially pressuring crypto markets. Conversely, openness to rate cuts might boost risk assets. The swearing-in at the White House has also sparked discussions about the Fed's independence, with Powell remaining on the Fed Board despite his term as Chair ending.