Kevin Warsh, the candidate nominated by President Donald Trump to chair the Fed, declared owning investments in more than 20 entities linked to cryptocurrencies as part of the nomination process, according to a report from the U.S. Office of Government Ethics.
His positions include the dYdX derivatives DEX, the exchange protocol Lighter, venture capital firm Polychain, Dapper Labs, and the Solana and Optimism networks. He also registered stakes in lesser-known startups such as Eulith, Lemon Cash, and Ridian, along with roles as investor and advisor at crypto asset manager Bitwise and at the algorithmic stablecoin project Basis.
Warsh will appear before the Senate Banking Committee next Tuesday for his confirmation hearing. Committee Chairman Senator Tim Scott told Fox Business that he expects to complete the process within the coming weeks.
His nomination to the Fed coincides with the end of Jerome Powell‘s term, which concludes in May. One factor still in doubt is Senator Thom Tillis’s vote, who conditioned his support on the resolution of a criminal investigation opened against Powell over alleged false statements related to construction work at the central bank’s headquarters. Scott, however, anticipated that Tillis “will be a yes on Kevin Warsh.”
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