Kevin Warsh’s crypto exposure is now on the record after the Federal Reserve chair nominee filed a 69-page financial disclosure with the U.S. Office of Government Ethics. The filing shows indirect interests in more than 20 blockchain-related companies, mostly through venture fund structures rather than direct token purchases. His Senate confirmation hearing is scheduled for April 21.
Portfolio spans Solana, dYdX, Optimism and other crypto ventures
The disclosure shows that through AVGF I, Warsh has indirect stakes tied to Solana, Optimism, and Lightning Network infrastructure. Through DCM Investments 10 LLC, his exposure includes dYdX, Polychain, Compound, and Blast, an Ethereum Layer 2 protocol. A separate AVF fund series includes Dapper Labs, DeSo, Zero Gravity, and Friends With Benefits. Under OGE disclosure rules, positions listed without a dollar value are each worth less than $1,000, suggesting these are small venture allocations spread across multiple entities rather than concentrated bets.
Combined family assets top $192 million, with two holdings above $50 million each
Warsh and his wife Jane Lauder hold combined assets of at least $192 million, according to the filing. The two largest individual holdings are both in Juggernaut Fund LP, and each exceeds $50 million, though the underlying assets are not disclosed because of confidentiality agreements. Warsh has pledged to divest both positions if confirmed. The filing also states that he received $10.2 million in consulting fees from Duquesne Family Office, the investment vehicle of Stanley Druckenmiller.
Regulatory overlap is likely to dominate the confirmation process
If confirmed as Fed chair, Warsh would have direct influence over stablecoin legislation, bank tokenization approvals, and the regulatory setting affecting protocols linked to his portfolio. Ethics officials said he would comply with the Ethics in Government Act once required divestitures are completed. Even so, the scope of his holdings leaves a complicated recusal picture. The report also notes that Warsh previously described bitcoin as a “good policeman” for economic policy, and his portfolio points to a measured interest in the infrastructure side of the crypto sector.
April 21 hearing comes before Powell’s term ends on May 15
Trump nominated Warsh in January 2026 to replace Jerome Powell, whose term as Fed chair ends on May 15. Senate Banking Committee Chair Tim Scott said the process is “getting closer and closer” and expects a committee vote before the nomination moves to the full Senate. Republican Senator Thom Tillis has indicated he may block the nomination until the Department of Justice investigation involving Powell is concluded, adding procedural pressure to an already narrow timeline.