Kevin Warsh, the nominee to lead the Federal Reserve, has filed a 69-page financial disclosure form, revealing a complex web of investments in the cryptocurrency and blockchain space. The filing, which was reviewed by CoinDesk, shows Warsh has holdings in over a dozen companies, including those involved in DeFi lending, decentralized derivatives, and Bitcoin payments infrastructure.
Warsh has stated that he will divest the majority of these holdings, but the move has raised questions about potential conflicts of interest and how they may impact his decisions as Fed chair. The disclosure also highlights Warsh's broader financial profile, including his earnings from consulting fees and speaking engagements, which total over $10 million. With his wife's estimated net worth of $1.9 billion, Warsh would be one of the wealthiest Fed chairs in history.
The Senate Banking Committee is set to hold a confirmation hearing next week, where Warsh's crypto holdings are likely to be a topic of discussion.