Incoming Fed Chair's Crypto Investments Revealed

Kevin Warsh, the nominee to lead the Federal Reserve, has filed a 69-page financial disclosure, unveiling a complex web of investments in the crypto space. His portfolio includes equity positions in over a dozen blockchain and digital asset companies, spanning DeFi lending, decentralized derivatives, and Bitcoin payments infrastructure. Warsh has promised to divest most of these holdings, which are concentrated in two fund structures: DCM Investments 10 LLC and a series of funds labeled AVF. The disclosure reveals that Warsh's crypto holdings are relatively small, with most valued at less than $1,000, but he also holds larger, opaque positions in funds like Juggernaut Fund LP and THSDFS LLC. As the Fed's new chair, Warsh will oversee stablecoin regulation, bank crypto custody policy, and central bank digital currency decisions, sparking questions about potential conflicts of interest and the impact of his divestiture on the crypto industry.