Incoming Fed Chair's Crypto Holdings Revealed, Promises to Sell

Kevin Warsh, the nominee to lead the Federal Reserve, has filed a 69-page financial disclosure revealing a complex web of investments, including stakes in DeFi protocols, Ethereum scaling solutions, and Bitcoin startups. With combined assets valued at over $192 million, Warsh's crypto holdings are a notable aspect of his financial portfolio. The disclosure highlights his investments in more than a dozen blockchain and digital asset companies, including Layer 1 and Layer 2 networks, prediction markets, and Bitcoin payments infrastructure. Warsh has promised to sell the majority of these holdings, sparking questions about potential conflicts of interest and the impact on his ability to regulate the crypto industry. The revelation has also raised concerns about the divestiture process, particularly for illiquid venture stakes, and the potential for recusal obligations in the first year of his tenure.