Kevin Warsh, the nominee to lead the Federal Reserve, has filed a 69-page financial disclosure that provides insight into his personal investments, including those in the cryptocurrency space. The document, submitted to the U.S.
Office of Government Ethics, reveals that Warsh holds equity positions 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 are concentrated in two fund structures: DCM Investments 10 LLC and a series of funds labeled AVF I, AVF II, AVF III, and AVGF I and II.
The disclosure highlights Warsh's personal venture exposure to the crypto ecosystem, including investments in DeFi protocols, Layer 1 and Layer 2 networks, and Bitcoin-specific companies. While the size of these holdings is largely unclear, the disclosure notes that most of the positions are small venture bets, with some valued at less than $1,000.
Warsh's broader financial profile also underscores his connections to the crypto space, including his earnings from consulting fees and speaking engagements with firms involved in digital asset trading operations. The mandatory divestiture and recusal obligations associated with Warsh's crypto investments are likely to be a topic of discussion during his confirmation hearing, which is expected to take place next week.