Fed Chair Nominee Discloses Holdings in Crypto and AI
Federal Reserve chair nominee Kevin Warsh disclosed millions in assets, including crypto and AI investments, ahead of his confirmation hearing.Summary
Kevin Warsh, nominated by President Donald Trump to lead the Federal Reserve, has disclosed millions of dollars in assets, including investments in cryptocurrency and artificial intelligence companies, in a filing with the US Office of Government Ethics. The filing revealed investments in EIFs such as Compound and Dapper Labs, as well as AI companies like Delphi and Conversion. While Warsh's total assets exceed $100 million, the specific value of his crypto and AI holdings was not detailed, though ethics rules do not require reporting for assets under $1,000. Other significant disclosures included over $50 million in the Juggernaut Fund and substantial consulting fees from Duquesne Family Office. Warsh's nomination follows Trump's threats to replace current Chair Jerome Powell, with his confirmation hearing in the Senate yet to be scheduled.
(Source：Cointelegraph)