Kevin Warsh, the nominee for Federal Reserve chair, has submitted his financial disclosure, revealing a complex web of investments in the crypto and blockchain space. The filing, which spans 69 pages, outlines combined assets with his wife valued at over $192 million, with specific holdings in DeFi lending, decentralized derivatives, and Bitcoin payments infrastructure. Warsh has pledged to divest the majority of these holdings, sparking interest and concern about potential conflicts of interest. The disclosure sheds light on Warsh's personal investments in the crypto ecosystem, including stakes in Layer 1 and Layer 2 networks, prediction markets, and Bitcoin startups.
While the size of these holdings was previously unclear, the filing reveals that Warsh holds equity positions in over a dozen blockchain and digital asset companies. The mandatory divestiture of these holdings and the subsequent recusal obligations may constrain Warsh's ability to act on matters related to the crypto industry, at least in the first year. The revelation of Warsh's crypto holdings is likely to be a topic of discussion during his upcoming confirmation hearing, with senators on both sides focusing on financial conflicts at the Fed.