Trump’s Fed Chair Nominee Kevin Warsh Linked to Tether’s New U.S.-Compliant Stablecoin via Anchorage Digital

President Donald Trump’s nominee for Federal Reserve chair, Kevin Warsh, previously served as a long-term advisor to Anchorage Digital, the issuer of Tether’s new U.S.-regulated stablecoin USAT. Anchorage confirmed Warsh’s advisory role since its founding, though he was removed from its website after January 16, 2026. The connection ties Warsh to Tether’s “Made in America” push under newly enacted stablecoin regulations. Anchorage, the first federally chartered crypto bank in the U.S., launched USAT on January 27, 2026, with Cantor Fitzgerald—formerly led by Commerce Secretary Howard Lutnick—as its reserve custodian and primary dealer. Tether claims USAT complies with U.S. rules, unlike its flagship USDT, which holds non-traditional reserves like Bitcoin and gold. Warsh’s nomination intensifies scrutiny over Fed independence amid Trump’s ongoing pressure on monetary policy.