Crypto14 April, 20261 min read
Trump's Fed Nominee Kevin Warsh Discloses Extensive Crypto and Blockchain Investments
This article is an automated aggregation of coverage from news outlets. Our editorials offer in-depth analysis curated by the NewsCord team.
Dapper Labs investment disclosed among Warsh's crypto holdings. SpaceX and Polymarket stakes are part of the disclosed assets.
Crypto Holdings Disclosed
Kevin Warsh disclosed extensive crypto and blockchain-related investments in his 69-page financial filing. His portfolio includes Compound, dYdX, Solana, Optimism, Polymarket, Flashnet, Polychain, Dapper Labs, and more. Most crypto positions sit within fund vehicles reported without dollar values, meaning each is worth less than $1,000.
Warsh holds over $100 million in Juggernaut Fund LP, whose underlying assets are shielded by confidentiality agreements. He has pledged to divest the majority of these holdings if confirmed.
Diverse Portfolio
Warsh's holdings are concentrated in two fund structures: DCM Investments 10 LLC and a series of AVF funds. The portfolio spans DeFi protocols, Layer 1 and Layer 2 networks, Bitcoin-specific assets, investment firms, prediction markets, and consumer digital assets.
Warsh also holds AI and biotech investments, including SpaceX and Delphi AI. The filing does not specify the size of individual crypto positions relative to the funds' total assets.
Divestiture and Conflicts
OGE certifying official Heather Jones flagged the larger fund positions in her review. Warsh will be in compliance once he completes divestitures. Selling a position in Compound or dYdX is straightforward; unwinding LP stakes in Polychain is not.
Even after selling, Warsh will face a complicated recusal landscape. This could be relevant as the Fed weighs in on stablecoin legislation and bank crypto custody policy.
Political and Regulatory Stakes
Warsh's confirmation hearing is expected to probe these holdings in detail. The filing raises important questions about potential conflicts of interest.
Warsh's path back to the Fed is complicated by a concurrent Justice Department investigation of Powell. Trump has not signaled plans to announce additional picks for the SEC or CFTC.
