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Wu Shuo has learned that the U.S. President has submitted a nomination to the Senate to appoint Kevin Warsh as Chairman of the Federal Reserve Board of Governors for a four-year term; simultaneously, he has been nominated to serve as a member of the Federal Reserve Board of Governors for a fourteen-year term, starting from February 1, 2026. Warsh has stated that Bitcoin's price volatility is too high for it to be used as a unit of account or a means of payment, but it could become a store of value like gold. He also believes that cryptocurrencies should be viewed more as a software technology rather than true currencies.