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CryptoPotato1 min read
Federal Reserve chair nominee's disclosure includes crypto and AI holdings
TL;DR
Kevin Warsh, nominated by President Trump to lead the Federal Reserve, disclosed over $100 million in assets, including investments in crypto and AI companies. His financial disclosure was submitted ahead of his Senate confirmation hearing.
Key points
- Kevin Warsh nominated by Trump for Federal Reserve chair
- Reported assets exceed $100 million
- Investments include crypto and AI companies
- Disclosure filed with US Office of Government Ethics
- No value range provided for crypto and AI investments
Kevin WarshFederal ReserveUS Office of Government EthicsCompound
Kevin Warsh, US President Donald Trump’s pick to lead the Federal Reserve to replace Chair Jerome Powell, has reported millions of dollars in assets ahead of his confirmation hearing, including investments in crypto and AI companies.
In a filing with the US Office of Government Ethics, Warsh reported Excepted Investment Funds (EIFs) in Compound, Dapper Labs, Kinetic, as well as AI companies Delphi, Conversion, Factory, Glue and others ahead of his confirmation hearing in the Senate.
While the prospective Fed chair’s assets amounted to more than $100 million, none of his crypto and AI investments included a value range, Reuters reported on Tuesday.
Sample of Kevin Warsh’s asset disclosure forms. Source: US Office of Government Ethics
It’s unclear why the value of the crypto and AI investments were not included in the disclosures, but the ethics’ office rules do not require reporting for assets under $1,000. Among the biggest disclosures were more than $50 million in the Juggernaut Fund and more than $10 million in income from consulting fees for Duquesne Family Office, the investment firm of Stanley Druckenmiller.
Trump announced Warsh as his pick to lead the US central bank in January, but only formally advanced his name to the Senate in March following numerous threats to oust Powell. Whoever heads the Fed , including federal interest rates.
Q&A
What crypto and AI companies has Kevin Warsh invested in?
Kevin Warsh's investments include crypto firms like Compound and Dapper Labs, as well as AI companies such as Delphi and Conversion.
How much are Kevin Warsh's reported assets worth?
Kevin Warsh reported assets exceeding $100 million in his financial disclosure.
When is Kevin Warsh's confirmation hearing for the Federal Reserve chair position?
Kevin Warsh's confirmation hearing in the Senate is scheduled to take place soon, although the exact date is not specified.
