Fed chair nominee faces Senate hearing

Jan 22, Kevin Warsh testified before Senate Banking Committee on his Fed chair nomination, addressing Trump's rate cut demands and central bank independence.

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Future Federal Reserve Chairman Kevin Warsh has disclosed his holdings. His portfolio includes Ethereum L2, crypto funds, and $100M+ through the Druckenmiller fund. The 69-page disclosure was submitted to the OGE. What's inside: - Blast - yield-generating Ethereum L2 - Bitwise - crypto index fund (angel + advisor) - In 2018, he invested in Basis - an algorithmic stablecoin (it collapsed) - Advisor to Electric Capital - crypto VC - 2 positions at $50M+ in the Juggernaut Fund (details under NDA, promised to sell if approved) - Rounds in SpaceX, Polymarket is listed Wife - Jane Lauder, heiress to Estée Lauder. Forbes estimates her net worth at $1.9B. The family's total net worth is $2.7B. > For comparison: - Powell's net worth is ~$50M - Yellen's is $13M - Bernanke's is $2M Warsh will be the richest Fed chair in modern history. *invested in crypto projects since 2015! (Back then, the entire US establishment was hating crypto until the 2023-2024 reversal) **worked as a consultant at Druckenmiller's firm (a Wall Street legend, the one who broke the Bank of England with Soros) ***63% on Kevin on Polymarket -> free money?

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the Fed is in an impossible spot Our CSO Brian Cubellis @BackslashBTC was recently on CGTN breaking down Warsh's predicament cut rates with sticky inflation? that's a recipe for much higher inflation raise rates with $1T/year in interest expense on $40T in debt? yeah that's going to be tough to pull off, can't do it Powell's been punting for a year for this exact reason and now Warsh inherits the mess. And if he's beholden to Trump there goes the illusion of Fed independence and its credibility. Foreign central banks have already been net sellers of Treasuries and net buyers of gold for years Non-sovereign, neutral assets only continue to win from here on out. Gold has made its run and bitcoin is next.

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The Next Fed Chair Is Basically a Crypto Whale. Kevin Warsh: Trump's pick to run the Federal Reserve just dropped a 69-page financial disclosure revealing he's deep in Solana, dYdX, Compound, Optimism, Polymarket, AND a Bitcoin Lightning startup called Flashnet. Net worth: $131M-$209M. The man who'll control interest rates was out here farming DeFi yields. He's promised to sell it all. Sure, Kevin. We all say that. 😂😂 An AI agent that found this and more for me in seconds. Thanks to the mule of @merit_systems and once more to @shafu0x for helping me use a pre-launched product. ❤️ Found an amazing rabbit hole... more to come✌️

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Potential Fed Chair's Crypto Holdings Signal Major Policy Shift.@SoSoValueCrypto Federal Reserve chair nominee Kevin Warsh has disclosed personal investments in over 20 crypto-related entities, including Solana, Optimism, dYdX, and Polychain.

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A potential Fed Chair… holding crypto across the stack. Kevin Warsh disclosed positions in Solana, DeFi lending/derivatives, Optimism, and Bitcoin Lightning. That’s exposure across multiple layers of the ecosystem. Ethics rules = most positions to be sold before office. But the signal is bigger: someone who understands crypto may help shape monetary policy. That changes the conversation. We bid. #Crypto #BTC #SOL

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