Kevin Warsh, the nominee to lead the Federal Reserve, has filed a 69-page financial disclosure, revealing a complex web of investments in the crypto industry. The filing shows that Warsh, through various venture funds, holds stakes in over a dozen blockchain and digital asset companies, including those involved in DeFi lending, decentralized derivatives, and Bitcoin payments infrastructure.
Warsh has promised to divest most of these holdings, but the disclosure has raised questions about potential conflicts of interest and how his personal investments may influence his decisions as Fed chair. The crypto holdings include investments in Layer 1 and Layer 2 networks, Bitcoin-specific companies, and crypto investment and financial infrastructure. Warsh's financial profile also shows that he has earned significant income from consulting fees and speaking engagements with firms involved in the crypto industry. 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.