Kevin Warsh, the nominee for Federal Reserve chair, has submitted a 69-page financial disclosure that provides insight into his personal investments, including those in the crypto and blockchain sector. The filing, which is a requirement for his confirmation, reveals that Warsh has stakes in over a dozen companies involved in DeFi lending, decentralized derivatives, Layer 1 and Layer 2 networks, prediction markets, and Bitcoin payments infrastructure. These investments are held through a complex web of venture fund structures, including DCM Investments 10 LLC and a series of funds labeled AVF I, AVF II, AVF III, and AVGF I and II. Warsh has promised to divest the majority of these holdings, which could potentially impact his ability to make decisions related to crypto regulation and policy as the Fed chair.
The disclosure also highlights Warsh's broader financial profile, including his earnings from consulting fees and speaking engagements, which total millions of dollars. His wife, Jane Lauder, has an estimated net worth of $1.9 billion, making them one of the wealthiest couples to potentially hold the position. The Senate Banking Committee is expected to hold a confirmation hearing for Warsh next week, where his crypto holdings and potential conflicts of interest are likely to be discussed.
The crypto industry is watching the situation closely, as Warsh's personal experience with crypto investments could influence his views on regulation and policy, but the mandatory divestiture and recusal obligations may limit his ability to act on these views.