[News Brief] Apr 22, morning | U.S. Senate Confirms Crypto-Friendly Kevin Warsh as Fed Chair

U.S. Senate Confirms Crypto-Friendly Kevin Warsh as Fed Chair

Watcher.Guru reported that the U.S. Senate has officially confirmed Kevin Warsh, known for his crypto-friendly stance, as Chair of the Federal Reserve, succeeding Jerome Powell.

The Fed chair is a key position responsible for setting benchmark interest rates and monetary policy. Markets are closely watching how this appointment may affect crypto policy and liquidity expectations.

Source: Watcher.Guru

Brian Armstrong: “Path Opens for U.S. Crypto Market Structure Bill in the Senate”

Coinbase CEO Brian Armstrong said on Fox Business that a compromise has been reached on the Bitcoin and cryptocurrency market structure bill, opening a path for Senate consideration.

Armstrong said, “This is the best position we’ve seen so far,” adding that he is prepared to support the procedural review of the bill later this week.

The bill is intended to establish a regulatory framework for the U.S. crypto market, and the industry believes its passage could shape the future business environment for digital assets.

Charles Schwab Begins Phased Rollout of ‘Schwab Crypto’ for U.S. Retail Clients

U.S. financial services firm Charles Schwab has begun a phased launch of its ‘Schwab Crypto’ service for eligible U.S. retail clients, according to Odaily.

The service supports direct trading of Bitcoin and Ethereum. Users can view and manage their crypto assets through their existing Schwab accounts.

Custody is handled by Charles Schwab Premier Bank, while Paxos provides sub-custody and trade execution services.

The trading fee is 0.75% of the transaction amount. External wallet deposits and withdrawals are not currently supported, and residents of New York and Louisiana are not eligible to use the service.

Charles Schwab manages approximately $12 trillion in client assets. Its clients are reported to hold about 20% of U.S. spot crypto ETF assets.

Jane Street Cuts Bitcoin ETF and Related Stock Exposure, Increases Ethereum ETF Holdings

Jane Street significantly reduced its holdings in Bitcoin ETFs and related stocks in the first quarter of 2026.

According to Odaily, Jane Street’s latest 13F filing showed that its holdings of BlackRock’s IBIT fell about 71% quarter-over-quarter to 5.9 million shares, valued at around $225 million. Its Fidelity FBTC holdings also declined about 60% to 2 million shares, worth roughly $115 million.

Its holdings of Strategy shares fell from about 968,000 shares in Q4 2025 to about 210,000 shares, with the position value dropping from about $146 million to about $27 million. The firm also reduced its exposure to Bitcoin mining stocks including IREN, Cipher Mining, TeraWulf, and Core Scientific.

On the other hand, Jane Street increased its Ethereum ETF holdings. Its new positions in BlackRock’s ETHA and Fidelity’s Ethereum fund totaled about $82 million. It also increased holdings in Riot Platforms, Coinbase, and Galaxy Digital, with its Galaxy Digital position rising sharply from about 17,000 shares to about 1.5 million shares.

13F filings disclose the quarterly holdings of U.S. institutional investors, though there can be a time lag between actual trades and the filing date.

Paolo Ardoino: “Regulatory Clarity for Crypto Is Approaching”

According to Watcher.Guru, Tether CEO Paolo Ardoino said that regulatory clarity is approaching for the cryptocurrency sector.

However, he did not disclose specific policy details or implementation timelines. In the U.S., discussions on stablecoin and broader crypto market regulation are ongoing.

Vitalik Buterin: “High Fees Prevented Early Adoption of Crypto Payments”

According to Wu Blockchain, Ethereum founder Vitalik Buterin said that high fees prevented the early adoption of cryptocurrency payments.

Vitalik said that during his visit to Argentina, local users widely used Binance internal transfers, which are free and instantly processed. He pointed to high network fees as a major factor that suppressed early payment demand.

Jupiter Signs First Institutional Lending Partnership With Bitwise

Solana ecosystem aggregation platform Jupiter has signed its first institutional lending partnership with asset manager Bitwise, according to PANews.

Bitwise plans to build an Ethena marketplace on Jupiter Lend, allowing institutional investors to access lending and liquidity services backed by Ethena-based assets.

Jupiter Lend is a Solana-based lending service, and the partnership is viewed as part of a broader push to expand liquidity infrastructure for institutional investors.

957 BTC Moved to Coinbase Institutional

According to Whale Alert, 957 BTC, worth about $75.9 million, was transferred from an anonymous wallet to Coinbase Institutional.

Large transfers to exchange-related wallets are often watched as on-chain signals, as they may indicate potential selling activity or institutional custody movements.

774 BTC Moved From Anonymous Wallet to FalconX

According to Whale Alert, 774 BTC was transferred from an anonymous wallet to FalconX.

The transfer was valued at about $61.57 million. Large inflows to exchanges or brokerages can be interpreted as a possible sign of selling, although actual selling has not been confirmed.

Bitcoin Falls Below $79,000

Bitcoin (BTC) fell below $79,000, declining 1.67% over the past day.

PANews, citing OKX market data, reported that Bitcoin is currently trading at $78,986.10.