Kevin Warsh is a candidate for the next Federal Reserve Chair. As required, he must submit a financial disclosure before the Senate confirmation hearing, which shows that he holds positions in at least 20 crypto‑related projects, including dydx, Polymarket, Lighter, Optimism, Solana, Blast, etc.
I am not surprised by this, but I didn’t expect that he also dabbled in the algorithmic stablecoin Basis, a model similar to an algorithmic central bank.
That project dates back to 2018; it raised $133 million at the time, with a16z as an investor, but it was shut down due to regulatory reasons.
It is clear that he is deeply involved in the crypto space, with a level of involvement far beyond most people with Fed or Wall Street backgrounds, even surpassing many participants in the crypto community.
(Additionally, if the hearing is approved, all of the aforementioned crypto assets must be fully liquidated.)