Kevin Warsh took the oath of office as the 17th Chair of the Federal Reserve on May 22, becoming the first Fed chair since Alan Greenspan in 1987 to be inaugurated at the White House. The ceremony caps a politically charged confirmation process and installs a leader whose personal financial ties to digital assets are unlike anything the central bank has seen before.
Warsh, 56, succeeds Jerome Powell after a Senate confirmation vote of 54-45 on May 13. The vote split almost entirely along party lines, with a single Democrat crossing the aisle to join Republicans.
A crypto portfolio that raises eyebrows
Financial disclosures filed during his confirmation process revealed indirect stakes in more than 20 digital asset-related entities. The estimated total value of those holdings ranges from $131 million to over $209 million, spread across various venture funds.
During his confirmation hearings, Warsh stated plainly that “digital assets are already part of the fabric of our financial services industry in the United States.”
