Kevin Warsh, the nominee to lead the Federal Reserve, has filed a 69-page financial disclosure document, revealing a complex web of investments, including those in the crypto and blockchain space. The document, filed with the US Office of Government Ethics, shows that Warsh holds equity positions in over a dozen companies involved in 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 in the crypto industry, as Warsh will oversee the regulation of stablecoins, bank crypto custody policies, and potential central bank digital currency decisions. The size of Warsh's crypto holdings was previously unclear, but the disclosure reveals that he has invested in a range of companies, including those focused on DeFi protocols, Ethereum scaling networks, and Bitcoin startups. Warsh's financial profile also shows that he has earned significant consulting fees from prominent investment firms, including those with digital asset trading operations. The mandatory divestiture of his crypto holdings and potential recusal obligations may impact his ability to make decisions on crypto-related matters during his tenure as Fed chair.