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Federal Reserve seat nominee Kevin Warsh disclosed much than $192 cardinal successful combined assets done a U.S. Office of Government Ethics filing, revealing a sprawling portfolio that includes crypto investments successful Solana, Dydx, Optimism, Polychain Capital, and Dapper Labs, with Warsh pledging to divest definite holdings if confirmed.
Key Takeaways:
- Kevin Warsh’s OGE filing discloses implicit $192 cardinal successful associated assets, including crypto stakes successful Solana, Dydx, and Optimism.
- Warsh pledged to divest Juggernaut Fund LP positions each valued implicit $50 cardinal if confirmed by the Senate Banking Committee.
- His April 21, 2026 confirmation proceeding is expected to absorption connected crypto holdings and past Fed equilibrium expanse criticism.
Kevin Warsh Crypto Portfolio: Solana, Dydx, Optimism Among Holdings successful 2026 OGE Disclosure
The filing, signed electronically by Warsh connected Feb. 25, 2026, and certified by OGE officials connected April 10, 2026, offers the astir elaborate nationalist accounting yet of his fiscal presumption up of a Senate Banking Committee confirmation proceeding scheduled for astir April 21.
President Donald Trump nominated Warsh successful January 2026 to win Jerome Powell, whose word arsenic Fed seat ends successful May 2026. The White House formally transmitted the information to the Senate successful aboriginal March.
Warsh‘s wealthiness is tied substantially to his matrimony to Jane Lauder of the Estee Lauder Companies, whose assets see Class A and Class B banal successful the cosmetics steadfast valued astatine implicit $1 cardinal each, on with a dense portfolio of municipal bonds crossed dozens of states and a Suffolk County, N.Y., parcel of undeveloped onshore valued betwixt $5 cardinal and $25 million.
On his ain broadside of the ledger, Warsh holds vested phantom banal and restricted banal units successful UPS, each valued betwixt $1 cardinal and $5 million, on with Coupang Inc. Class A Common Stock besides successful that range. He sits connected UPS and Coupang’s boards of directors.
The crypto vulnerability surfaces crossed respective task money structures. Warsh holds indirect stakes successful Solana, Optimism, and the Lightning Network done AVGF I, and successful Dydx and Polychain done the DCM Investments 10 LLC structure, which besides captures dozens of fintech and Web3 names, including Compound, Lighter, Lemon Cash, and Blast, a yield-generating Ethereum layer-two ( L2) protocol.
Additional crypto-linked positions look nether the AVF money series, including Dapper Labs, Deso, Eulith, Onjuno, Ridian, Friends With Benefits, and Zero Gravity, an L2 artificial quality (AI) blockchain platform.
Warsh besides holds a nonstop stake valued betwixt $1,001 and $15,000 successful Metatheory Inc., a Web3 company, done Founder Bets Master SPV LLC.
The filing shows Warsh served arsenic an advisor to Duquesne Family Office LLC, the concern conveyance of billionaire Stanley Druckenmiller, arsenic good arsenic a advisor to Goldentree Asset Management, Heitman LLC, and Cerberus Capital Management. He received honoraria from State Street Bank, Warburg Pincus, Brevan Howard, and Eli Lilly, among others.
His 2 largest azygous money positions are the Juggernaut Fund LP, held some straight and done Vicarage Corporation, each valued astatine implicit $50 million, though underlying assets are not disclosed owed to pre-existing confidentiality agreements. Warsh says helium volition divest some if confirmed.
Dozens of THSDFS LLC bid positions, ranging from $15,001 to $5 million, besides transportation confidentiality-shielded underlying assets and transportation akin divestiture pledges.
The OGE’s certifying officials concluded that Warsh complies with applicable morals law, contingent connected completing required divestitures. As a erstwhile Fed politician appointed astatine property 35 nether President George W. Bush, Warsh brings nonstop acquisition navigating the 2008 fiscal crisis.
He has since positioned himself arsenic a professional of the Fed’s expanded equilibrium expanse and prolonged easy-money era. Analysts expect him to prioritize equilibrium expanse simplification paired with imaginable complaint cuts successful a high-productivity environment, though immoderate argumentation way would inactive tally done the afloat Federal Open Market Committee.
His confirmation proceeding earlier the Senate Banking Committee is expected to gully scrutiny connected some his crypto holdings and his past criticisms of Fed policy.
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