If Kevin Warsh gets tapped as the next Federal Reserve chair, brace for a market downturn. That's the warning from Ben Emons, head of FedWatch Advisors, who expects investors to react badly to such an appointment. The reasoning hinges on how markets currently perceive Warsh's potential stance on monetary policy—and what it could mean for asset prices across crypto and traditional markets. Given how sensitive digital assets remain to Fed policy shifts, any unexpected leadership change at the central bank tends to create volatility. A Warsh nomination could reshape expectations around interest rates and inflation management, potentially spooking both institutional and retail traders looking for stability in an already uncertain economic environment.