Warsh discloses $100M+ crypto, AI stakes before Fed hearing

Kevin Warsh disclosed more than $100 million in personal assets in a filing with the U.S. Office of Government Ethics ahead of his April 21 Senate Banking Committee confirmation hearing.

The filing lists stakes in crypto firms Compound and Dapper Labs and investments in AI startups Factory and Glue. It shows a holding in the Juggernaut Fund valued at more than $50 million and $10 million in consulting income tied to the Duquesne Family Office connected to Stanley Druckenmiller. Many private technology investments in the filing do not show specific valuation ranges.

Federal ethics rules allow officials to omit asset values when holdings are worth less than $1,000, and the filing follows those reporting guidelines. The document highlights the large Juggernaut position and the consulting payment while leaving other private stakes unnamed in value.

Warsh, a former Federal Reserve governor, was formally nominated in March to succeed Jerome Powell, whose second term ends May 15. The Senate Banking Committee scheduled the confirmation hearing for April 21. If confirmed, Warsh would assume responsibility for monetary policy and Federal Reserve decisions when Powell’s term concludes.

The nomination comes as key federal financial regulators have vacant seats. The Securities and Exchange Commission is operating with three of five commissioner positions filled, and the Commodity Futures Trading Commission has a single commissioner, Michael Selig. The Senate has not advanced a crypto market structure bill, leaving those agencies with limited capacity to finalize major digital asset rules.

The ethics filing provides a public record of Warsh’s private investments ahead of the hearing and will be part of the committee’s review of his financial ties, potential conflicts and plans for the central bank.