Kevin Warsh, the nominee to lead the Federal Reserve, has filed a financial disclosure form that provides insight into his personal investments, including his stake in the cryptocurrency market. The 69-page document, submitted to the U.S. Office of Government Ethics, outlines Warsh's combined assets with his wife, totaling at least $192 million. Notably, the filing reveals that Warsh has invested in over a dozen blockchain and digital asset companies, spanning DeFi lending, decentralized derivatives, Layer 1 and Layer 2 networks, prediction markets, and Bitcoin payments infrastructure.
Warsh has stated that he will divest the majority of these holdings. The disclosure has sparked interest, as Warsh will oversee the regulation of stablecoins, bank crypto custody policies, and potential central bank digital currency decisions. The specific crypto holdings include investments in DeFi protocols, Ethereum scaling networks, a Bitcoin Lightning startup, and prediction markets.
Warsh's financial profile also highlights his connection to prominent crypto investors and his earnings from consulting fees and speaking engagements. The revelation of Warsh's crypto holdings is likely to be a topic of discussion during his confirmation hearing, which is expected to take place next week.