Fed Chair Nominee Kevin Warsh Discloses Crypto Investments Ahead of Senate Hearing

Suehyeon Lee

Summary

Kevin Warsh disclosed assets that included investments tied to cryptocurrencies.
Warsh said he holds stakes in crypto-related companies including Compound, Dapper Labs and Kinetic, as well as multiple artificial intelligence (AI) companies.
Warsh has invested more than $50 million in Juggernaut Fund and earned more than $10 million in advisory income from Duquesne Family Office.

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Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, disclosed assets including investments tied to cryptocurrencies.

Reuters, citing Cointelegraph on April 14, reported that Warsh said in a financial disclosure filed with the U.S. Office of Government Ethics ahead of his Senate confirmation hearing that he holds stakes in crypto-related companies including Compound, Dapper Labs and Kinetic, as well as multiple artificial intelligence companies.

Warsh’s total assets are estimated at more than $100 million, though the filing did not disclose specific value ranges for his crypto- and AI-related investments. That may reflect ethics rules that do not require disclosure of assets worth less than $1,000.

Among his biggest holdings, Warsh has invested more than $50 million in Juggernaut Fund. He also earned more than $10 million in advisory income from Stanley Druckenmiller’s investment firm, Duquesne Family Office.

Trump nominated Warsh in January as his pick for the next Fed chair, and the formal nomination was submitted to the Senate in March. Current Chair Jerome Powell’s term ends on May 15.

The Senate Banking Committee is scheduled to hold Warsh’s confirmation hearing on April 21.