Federal Reserve chair nominee Kevin Warsh has disclosed millions of dollars in assets, including investments in cryptocurrency and artificial intelligence companies, as he prepares for his Senate confirmation hearing. Warsh's filing with the US Office of Government Ethics lists holdings in crypto entities like Compound and Dapper Labs, alongside AI firms such as Delphi and Glue.
While the total disclosed assets exceed $100 million, the specific valuation ranges for his crypto and AI investments were not provided. It remains unclear why these valuations were omitted, though rules may exempt assets below $1,000. Warsh's filing also noted substantial disclosures, including over $50 million in the Juggernaut Fund and significant income from consulting fees for Duquesne Family Office.
President Trump tapped Warsh to lead the US central bank in January, formally advancing his nomination to the Senate in March. The head of the Federal Reserve wields considerable influence over US financial policy, including critical interest rate decisions. The Senate Banking Committee has yet to announce a hearing date for Warsh's nomination, though a vote could occur soon.