Tim Scott

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Key Figures

On May 19, 2026, the Senate confirmed Sheria Akins Clarke to the U.S. District Court for South Carolina by a 52-38 vote, giving President Trump another lifetime judge after Clarke refused at her hearing to say who won the 2020 election. Eight Democrats joined Republicans even after Senator Richard Blumenthal called the nominees' scripted answers Orwellian and Senator Sheldon Whitehouse had mocked them as preposterous. The vote showed how the post-2017 simple-majority rule lets a party with 52 seats move a judicial nominee even when the minority argues the nominee failed a basic democratic test (Senate roll call; C-SPAN; Blumenthal; SC Daily Gazette; Post and Courier; Graham release).

The Senate Banking Committee voted 13-11 along party lines to advance Kevin Warsh's Fed chair nomination. The vote occurred hours after the Department of Justice announced it would drop its criminal investigation into Jerome Powell, removing a major stalling point. Republican Senator Thom Tillis, who pledged to block the nomination pending the investigation's termination, voted in favor after DOJ withdrawal was announced. (ABC News, Apr. 29, 2026)

Trump's nominee Kevin Warsh appeared before the Senate Banking Committee for his confirmation hearing to become Federal Reserve chair, replacing Jerome Powell. Warsh testified about inflation, interest rates, and central bank independence. Democrats, led by ranking member Elizabeth Warren, expressed concerns about his responsiveness to Trump pressure for rate cuts; Republicans praised his nomination. (NPR, Apr. 21, 2026)

In his confirmation hearing before the Senate Banking Committee, Trump's nominee Kevin Warsh testified that he would remain "strictly independent" in setting monetary policy, directly addressing concerns that he would succumb to Trump's pressure for rate cuts. Warsh emphasized his 2006-2011 experience as a Fed governor during the financial crisis qualified him to lead during uncertain economic times. (NPR, Apr. 21, 2026)

Kevin Warsh's 69-page financial disclosure filed with the Office of Government Ethics on April 14, 2026, revealed combined holdings with wife Jane Lauder of at least $192 million, including stakes in more than 20 cryptocurrency-related investments — among them Compound, dYdX, Solana, Optimism, and Blast — plus investments in AI companies Delphi, Conversion, Factory, and Glue. The disclosure, filed ahead of his April 21 Senate Banking Committee hearing, identified assets that the Office of Government Ethics flagged for mandatory divestiture, noting Warsh would face a one-year recusal period on Fed matters directly affecting his recent holdings after selling.