Kevin Warsh, the nominee to lead the Federal Reserve, has filed a 69-page financial disclosure that outlines his extensive financial holdings, including significant investments in the cryptocurrency space. The filing, which was reviewed by CoinDesk, reveals that Warsh holds stakes in over a dozen blockchain and digital asset companies, spanning DeFi lending, decentralized derivatives, and Bitcoin payments infrastructure. Warsh has pledged to divest the majority of these holdings, which could potentially create conflicts of interest in his future role 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. His wife, Jane Lauder, has an estimated net worth of $1.9 billion, making Warsh one of the wealthiest Fed chairs in modern history.
The Senate Banking Committee is expected to hold a confirmation hearing for Warsh next week, where his crypto holdings are likely to be a topic of discussion. The divestment of Warsh's crypto holdings and potential recusal obligations could impact his ability to make decisions on crypto-related policies, at least in the first year of his term.