Kevin Warsh, the nominee for Federal Reserve chair, has filed a 69-page financial disclosure that reveals a diverse portfolio of crypto and blockchain investments. The filing, which is required by the US Office of Government Ethics, shows that Warsh has equity positions in over a dozen companies involved in DeFi lending, decentralized derivatives, Layer 1 and Layer 2 networks, prediction markets, and Bitcoin payments infrastructure.
Warsh has promised to divest most of these holdings, which could potentially create conflicts of interest in his future role as Fed chair. The disclosure has sparked interest in the crypto industry, with many wondering how Warsh's personal investments will influence his regulatory decisions.
Warsh's financial profile also reveals that he has earned significant amounts from consulting and speaking fees, with a total of over $10 million in fees from prominent investment firms. His wife, Jane Lauder, has an estimated net worth of $1.9 billion, which would make Warsh one of the wealthiest Fed chairs in modern history.
The Senate Banking Committee is set to hold a confirmation hearing for Warsh next week, where his crypto holdings are likely to be a topic of discussion.