Incoming Fed Chair's Crypto Investments Revealed

Kevin Warsh, the nominee for the Federal Reserve chair, has filed his financial disclosure, revealing a complex web of investments in the crypto industry. 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 pledged 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 also shows that Warsh has earned significant consulting fees from prominent macro investors and has collected substantial speaking fees from firms with digital asset trading operations. The revelation of Warsh's crypto investments is likely to be a topic of discussion during his confirmation hearing, which is expected to take place next week.