President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, disclosed a net worth exceeding $100 million. His financial disclosure reveals extensive investments in cryptocurrency projects like Solana, Blast, and dYdX, as well as tech startups. While Warsh has support, his confirmation faces delays due to an ongoing Justice Department investigation into current Fed Chair Jerome Powell.
President Donald Trump’s nominee to lead the Federal Reserve disclosed a vast fortune Tuesday worth well over $100 million. Kevin Warsh, a former Fed governor, was required to disclose his personal finances as part of his Senate confirmation process. His filing reveals he has $100 million parked in a single investment fund.
Warsh’s current investments run the gamut from traditional finance to emerging technology firms. Among his listed cryptocurrency investments are blockchain network Solana, yield-focused Ethereum layer-2 network Blast and Optimism, and Ethereum DeFi lending protocol dYdX. His portfolio also includes NFT company Dapper Labs and crypto venture firm Polychain.
Further crypto investments include Bitcoin trading platform Flashnet, Ethereum developer platform Tenderly, and DeSo, an on-chain social media startup. The nominee has also invested in a slew of emerging tech ventures, including AI-focused companies, crypto-fueled prediction market juggernaut Polymarket, and Elon Musk’s SpaceX.
Though Warsh appears to enjoy support on Capitol Hill, his path back to the Fed is far from simple. The Trump Justice Department is currently pursuing a criminal investigation of sitting Fed Chair Jerome Powell. Key senators have signaled they will refuse to advance Warsh’s nomination until that investigation is resolved.
Though the Justice Department’s case against Powell has incurred major setbacks, the Trump administration appears intent on continuing to pursue the matter. This ongoing probe creates a significant hurdle for Warsh’s confirmation.
