In brief
- Fed Chair nominee Kevin Warsh disclosed a net worth exceeding $100 million.
- His investments span crypto, tech startups, and traditional finance.
- Despite support, his nomination faces delays tied to a DOJ investigation of current Fed Chair Jerome Powell.
President Donald Trump’s nominee to lead the Federal Reserve disclosed a vast fortune Tuesday worth well over $100 million, which includes numerous investments in the crypto sector and other emerging tech startups.
Kevin Warsh, a former Fed governor with deep Wall Street ties, was required to disclose his personal finances as part of his Senate confirmation process. His filing reveals a significant net worth. Warsh has $100 million parked in a single investment fund, for instance—one of dozens of investments and income streams the former banker was required to make public.
In his previous stint at the Fed, Warsh played a key role in the historic bank bailouts that followed the 2008 financial crisis. His current investments run the gamut from traditional finance to emerging technology firms, including several in the crypto sector.
Among Warsh’s listed investments, for instance: blockchain network Solana, yield-focused Ethereum layer-2 network Blast and Optimism, Ethereum DeFi lending protocol dYdX, NFT company Dapper Labs, and Polychain, a crypto venture firm. His other crypto investments include Bitcoin trading platform Flashnet, Ethereum developer platform Tenderly, and DeSo, an on-chain social media startup.
The Fed Chair nominee has also invested in a slew of emerging tech ventures, including Contraline (a “reversible male contraceptive solution”), Cionic (“bionic movement-enhancing wearable clothing”), and Arc Boats, an electric boating company.
Warsh further disclosed a slew of investments in AI-focused companies—plus exposure to crypto-fueled prediction market juggernaut Polymarket, and Elon Musk’s SpaceX, which is gearing up to launch a potential record-breaking IPO.
Though Warsh appears to enjoy support on Capitol Hill, his path back to the Fed is far from simple. The Trump Justice Department is currently pursuing a criminal investigation of sitting Fed Chair Jerome Powell—a longtime thorn in the side of the president—and key senators have signaled they will refuse to advance Warsh’s nomination until that investigation is resolved.
Though the Justice Department’s case against Powell has incurred major setbacks, the Trump administration appears intent on continuing to pursue the matter.
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