Kevin Warsh, the candidate put forward by President Trump to head the Federal Reserve, has submitted a 69-page financial disclosure to the U.S. Office of Government Ethics. This paperwork addresses the final bureaucratic requirement before his anticipated confirmation hearing, which is scheduled for next week.
The disclosure indicates that Warsh and his spouse possess a minimum of $192 million in combined assets. However, the crypto-related investments mentioned within the document are likely to capture the attention of those in the industry.
Warsh has invested in numerous blockchain and digital asset firms through various venture fund structures. His investments cover a wide range of areas, including decentralized finance (DeFi) lending, decentralized derivatives, Layer 1 and Layer 2 networks, prediction markets, and infrastructure for Bitcoin payments. He has also committed to selling off most of these holdings.
The individual set to regulate stablecoins, oversee bank crypto custody policies, and make decisions regarding future central bank digital currencies has been personally involved in the crypto sector until now, though the extent of his investments had not been previously disclosed.
Overview of Crypto Investments
An examination of the full 69-page OGE Form 278e reveals that Warsh’s investments in crypto and blockchain are primarily contained within two fund structures: DCM Investments 10 LLC (via a vehicle known as Abstract Holdings) and a collection of funds named AVF I, AVF II, AVF III, and AVGF I and II. Below is a list of all identifiable investments in the crypto and blockchain sectors: