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Next Fed Boss’ Disclosures Include Crypto Investments

Next Fed Boss’ Disclosures Include Crypto Investments

The Senate Banking Committee is set to hold a confirmation hearing for Kevin Warsh, the nominee for chair of the Federal Reserve, replacing Jerome Powell when his term ends on May 15.

Warsh’s disclosures include a spate of investments in crypto and artificial intelligence.

Before his confirmation hearing in the Senate, Warsh submitted a disclosure to the US Office of Government Ethics outlining his stakes in Excepted Investment Funds (EIFs) linked to Compound, Dapper Labs, Kinetic, and AI companies like Delphi, Conversion, Factory, Glue, and others.

There was no specific value range for the Fed chair nominee’s investments in crypto and AI, according to a report from Reuters on Tuesday, even though his assets topped $100 million.

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