Incoming Fed Chair's Crypto Holdings Revealed in Financial Disclosure

Kevin Warsh, the nominee for the Federal Reserve chair, has submitted his financial disclosure, which reveals a complex web of investments in the crypto space. The 69-page document, filed with the U.S. Office of Government Ethics, shows that Warsh holds stakes in over a dozen blockchain and digital asset companies, including DeFi lending protocols, decentralized derivatives, and Bitcoin payments infrastructure. His crypto-specific holdings are valued at less than $1,000 each, but he also holds larger positions in funds with undisclosed assets, which will require full divestiture. Warsh's personal exposure to the crypto ecosystem has sparked concerns about potential conflicts of interest, particularly given his role in overseeing stablecoin regulation, bank crypto custody policy, and central bank digital currency decisions. The disclosure has also raised questions about how Warsh's divestiture will be handled, particularly for illiquid venture stakes. The Senate Banking Committee is expected to hold a confirmation hearing next week, where Warsh's crypto holdings are likely to be a topic of discussion.