Kevin Warsh, the nominee for Federal Reserve chair, has filed a financial disclosure revealing a portfolio with significant exposure to the cryptocurrency industry. The disclosure, which spans 69 pages, shows that Warsh has invested in over a dozen blockchain and digital asset companies, including those involved in DeFi lending, decentralized derivatives, and Bitcoin payments infrastructure. Warsh has pledged to divest most of these holdings, which are valued at less than $1,000 each, although some larger investments will require full divestiture. The revelation has raised questions about potential conflicts of interest and how Warsh's personal investments may influence his regulatory decisions as Fed chair.
Warsh's financial profile also reveals that he has earned significant consulting fees from prominent macro investors and has collected speaking fees from firms with digital asset trading operations. 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.