Crypto and AI Assets Revealed in Fed Chair Nominee's Financial Disclosure
Financial disclosures from Kevin Warsh ahead of his Senate Banking Committee confirmation hearing show crypto and AI investments, though specific valuations for these holdings were not provided.
Donald Trump's nominee for Federal Reserve chair, Kevin Warsh, who would succeed current Chair Jerome Powell, has disclosed assets totaling millions of dollars in advance of his Senate confirmation proceedings, with holdings spanning cryptocurrency and artificial intelligence sector investments.
According to documents submitted to the US Office of Government Ethics, Warsh listed Excepted Investment Funds (EIFs) with exposure to Compound, Dapper Labs, and Kinetic, alongside artificial intelligence companies including Delphi, Conversion, Factory, and Glue, among other investments disclosed prior to his Senate appearance.
Despite the prospective Federal Reserve chair reporting total assets exceeding $100 million, his cryptocurrency and artificial intelligence holdings notably lacked specific value ranges, according to a Reuters report published on Tuesday.
The absence of valuations for the cryptocurrency and artificial intelligence investments remains unexplained, though regulations from the ethics office exempt assets valued below $1,000 from mandatory reporting requirements. The most substantial disclosed holdings included over $50 million invested in the Juggernaut Fund and income exceeding $10 million from consulting services provided to Duquesne Family Office, Stanley Druckenmiller's investment management firm.
The nomination of Warsh as Trump's selection to head the nation's central bank was announced in January, though the president didn't officially submit his nomination to the Senate until March after making repeated remarks about removing Powell. The individual leading the Fed wields considerable authority over the nation's monetary policy, including decisions regarding federal interest rates.
Powell's current four-year term as the Federal Reserve chair concludes on May 15, though no timeline has been established for when the Senate Banking Committee will evaluate Warsh's candidacy to assume the Fed chair position. As of Tuesday, no public announcement from the committee regarding a hearing schedule had been made, although reports have indicated that a vote by lawmakers could potentially occur as soon as the following week.
Trump still hasn't announced key nominations for financial agencies
Even as the Senate Banking Committee prepares to potentially review Warsh's appointment, Trump has yet to indicate plans to nominate additional commissioners for either the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), both agencies currently facing vacant leadership positions during a critical period for cryptocurrency regulation.
The SEC's current leadership consists of just three commissioners out of a full complement of five — with all three being Republicans — meanwhile, at the CFTC, Republican Michael Selig serves as the only commissioner, leaving four positions vacant. These two regulatory bodies are anticipated to assume significant responsibilities in overseeing digital assets if the Senate advances a cryptocurrency market structure bill that has remained stagnant in the chamber since July 2025.