Kevin Warsh, President Biden’s nominee to lead the Federal Reserve, reported assets exceeding $100 million in a financial disclosure filed with the government on April 14th. The report detailed his investments in areas like cryptocurrency, artificial intelligence, and private equity.
With this filing complete, the Senate Banking Committee can now schedule a hearing to confirm his appointment – this was the final major requirement before they could do so.
Warsh’s Disclosure Reveals Wide-Ranging Portfolio
The report details investments totaling more than $50 million in the Juggernaut Fund LP, and $10.2 million in consulting services provided to the investment office of Stanley Druckenmiller, a well-known billionaire investor.
The report also details around twenty-four positions held through THSDFS LLC, some of which are valued as high as $5 million each. Specific information about these holdings was kept private due to confidentiality agreements.
As I’ve been digging into the data, I’ve noticed a significant number of assets weren’t listed with specific values. However, it’s clear from what I can see that these assets are heavily focused in the AI and cryptocurrency spaces.
The investor’s crypto assets include Blast, a network built on top of Ethereum. He has also previously invested in Bitwise Asset Management, the company that launched a Bitcoin ETF.
If confirmed for his position, Warsh committed to selling his investments in Juggernaut Fund and THSDFS. An analyst with the Office of Government Ethics, Heather Jones, confirmed that he would meet all ethical requirements once those sales are finalized.
What Comes Next for Warsh’s Confirmation
The Senate Banking Committee hasn’t set a date for his hearing yet, but it might happen as soon as next week. They originally planned it for April 16th, but postponed it because they were missing some necessary information.
Senator Thom Tillis is preventing a final vote on Judy Shelton to be on the Federal Reserve until an investigation involving current Fed Chair Jerome Powell is finished. Powell’s current term ends on May 15th.
In late January, Senator Tillis announced he would block the confirmation of any Federal Reserve nominee – including the Chairman – until the Justice Department fully investigates and clarifies the inquiry involving current Chairman Powell.
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2026-04-14 18:15