Kevin Warsh, who was nominated by President Donald Trump to replace Chairman Jerome Powell to lead the Federal Reserve, reported millions of dollars in assets, including investments in cryptocurrencies and AI companies, ahead of his confirmation hearing.
In a filing with the U.S. Office of Government Ethics, Warsh listed Compound, Dapper Labs and Kinetic, as well as AI companies Delphi, Conversion, Factory and Glue, among other exceptional investment funds (EIFs) ahead of his Senate confirmation hearing.
Reuters reported on Tuesday that the future Fed chairman’s wealth is worth more than $100 million, but his investments in cryptocurrencies and AI did not include a certain value.
It is unclear why investments in cryptocurrencies and AI were not included in the disclosure, but Ethics Commission rules do not require reporting of assets under $1,000. Among the biggest disclosures were more than $50 million in Juggernaut funds and more than $10 million in income from consulting fees for Stanley Druckenmiller’s investment firm, the Duquesne Family Office.
President Trump announced Warsh as his nominee to head the U.S. central bank in January, but only formally submitted Warsh’s name to the Senate in March after repeated threats to expel Powell. Whoever heads the Federal Reserve has great influence over U.S. monetary policy, including federal interest rates.
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Powell’s second four-year term as Fed chairman ends on May 15, but it is unclear when the Senate Banking Committee will consider naming Warsh’s successor as Fed chairman. As of Tuesday, the committee had not announced a public hearing on the issue, but reports said lawmakers could vote as early as next week.
President Trump has yet to announce any major financial institution nominations.
The Senate Banking Committee may consider Warsh’s nomination soon, but President Trump has not indicated he plans to announce additional appointments to the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), which have vacant leadership seats at a critical time for digital asset regulation.
The SEC currently has only three of its five commissioners (all Republicans) in leadership, while another Republican, Michael Selig, is the only CFTC commissioner with four unfilled spots. If the Senate passes the Cryptocurrency Market Structure Bill, which has been pending since July 2025, both regulators are expected to play an important role in regulating digital assets.
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