crypto is just a “small portion” of Warsh’s $100 million net worth. The rest? A cozy $50 million+ in Juggernaut Fund LP (run by Stanley Druckenmiller, a man who probably owns a yacht named “The Inflationista”), plus stakes in SpaceX and AI/biotech startups. Because nothing says “mainstream” like investing in companies that make robots and rocket ships.
Return to the Federal Reserve
Warsh previously served as a Fed governor during the 2008 crisis, which he describes as “a dress rehearsal for crypto crashes.” Trump, who’s never met a controversial nomination he didn’t love, praised Warsh’s “bold vision” for monetary policy. Bold being the operative word here, like naming a ferret as CEO.
Implications for crypto policy
The Fed doesn’t regulate crypto directly, but its decisions affect everything from liquidity to banking rules. Industry observers are already calling Warsh’s appointment “a win for decentralization.” Or, as others might say, “a disaster waiting to happen.” Either way, the circus rolls on.
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2026-05-12 20:55