Trump Nominates Warsh for Fed as Vancouver Stalls Bitcoin Plan Amid Rising US State Interest

US President Donald Trump has formally nominated Kevin Warsh to lead the Federal Reserve, signaling a potential pro-crypto shift in monetary policy. Meanwhile, Vancouver's "Bitcoin-friendly" initiative has faced a definitive setback as city staff recommended canceling the proposal due to legal barriers in the Vancouver Charter. These regulations currently restrict municipal reserves to government debt and traditional banking instruments, effectively blocking Mayor Ken Sim's vision for digital asset integration. Notably, Vancouver's decision to halt the plan occurs as several US states show a growing trend toward adopting Bitcoin as a strategic reserve asset. Despite this local regulatory hurdle in Canada, analysts believe Warsh's nomination carries more strategic weight for the global market than municipal restrictions. These events highlight a growing divergence between high-level political ambitions for crypto adoption and the rigid legal frameworks governing local finance.

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