Trump’s Fed Nominee Warsh Discloses Over $100 Million Holdings in Crypto and AI

Kevin Warsh, a nominee for the Federal Reserve, has disclosed financial assets exceeding $100 million, with substantial investments in cryptocurrency and artificial intelligence. The filing, submitted to the US Office of Government Ethics, is a crucial step before his Senate Banking Committee confirmation hearing. The disclosure reveals major holdings in the Juggernaut Fund LP (valued over $50 million) and consulting fees from Stanley Druckenmiller's investment office ($10.2 million). Additionally, Warsh holds numerous positions through THSDFS LLC, some worth up to $5 million, with details withheld due to confidentiality. While specific values for many AI and crypto assets are not listed, Reuters reports a concentration in these sectors. Named crypto holdings include Blast, an Ethereum layer-two network, and previous investments in Bitwise Asset Management. Warsh has pledged to divest certain fund positions if confirmed, a move approved by an OGE analyst for compliance. His confirmation hearing has yet to be scheduled, with potential delays due to an ongoing federal criminal probe involving Fed Chair Jerome Powell, which Senator Thom Tillis has stated he will block a final vote on until resolved.

(Source：BeInCrypto)