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U.S. President Nominates Kevin Warsh as Federal Reserve Chair

The U.S. president has nominated Kevin Warsh to serve as Chair of the Federal Reserve, sending the nomination to the Senate. Warsh has previously said bitcoin's volatility limits its use as a unit of account or medium of exchange, though he acknowledged it could serve as a store of value like gold. He has also argued that cryptocurrencies should be viewed primarily as software technology rather than traditional money.
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