Warsh Believes in Crypto's Place in Financial System -- WSJ

Dow Jones00:04

By Paul Kiernan

Kevin Warsh suggested he'd have few qualms about opening the U.S. banking system's doors further to cryptocurrency.

Sen. Cyntha Lummis (R., Wyo.), one of the crypto industry's strongest advocates in the Senate, asked Warsh if "digital assets should be incorporated into our financial industry, so Americans have new investment opportunities and consumer protections."

Warsh responded that crypto is "already part of the fabric of our financial-services industry in the United States, yes."

An annual Fed survey of household finances found that 8% of American adults reported any use of cryptocurrency in 2024, the most recent year, down from 12% in 2021. Most reported holding crypto as an investment, with only 2% crypto it to buy something or make a payment.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 21, 2026 12:04 ET (16:04 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Cyntha Lummis (R., Wyo.), one of the crypto industry's strongest advocates in the Senate, asked Warsh if \"digital assets should be incorporated into our financial industry, so Americans have new investment opportunities and consumer protections.\" \n\n\n     Warsh responded that crypto is \"already part of the fabric of our financial-services industry in the United States, yes.\" \n\n\n     An annual Fed survey of household finances found that 8% of American adults reported any use of cryptocurrency in 2024, the most recent year, down from 12% in 2021. Most reported holding crypto as an investment, with only 2% crypto it to buy something or make a payment. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  April 21, 2026 12:04 ET (16:04 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629005686","isCrawlerRequest":true}