Kevin Warsh was confirmed as the next Chair of the Federal Reserve on May 22, 2026, by a Senate vote of 54-45.
Warsh succeeds Jerome Powell at a moment when the central bank faces elevated inflation running at an annual rate of 3.3%.
The portfolio problem
Warsh’s financial disclosures revealed holdings in over 30 digital assets, valued somewhere between $131 million and $209 million.
During Senate Banking Committee hearings in April, Democrats zeroed in on the transparency and conflict-of-interest questions that inevitably follow when someone with nine-figure crypto holdings is about to oversee the institution most capable of shaping crypto’s regulatory fate.
