DOJ Drops Criminal Probe of Fed Chair Powell, Clearing Path for Warsh

The Department of Justice ended its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for Kevin Warsh's Senate confirmation as the central bank’s next leader. The probe, which focused on cost overruns in the Fed’s Washington headquarters renovation, was deemed without legal foundation by a federal judge and criticized as politically motivated. Warsh, a former Fed governor, faces mixed reactions, with Bitcoin traders closely watching potential shifts in monetary policy.