s/brian_armstrongDIGITAL ASSETS•Apr 21
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Fed nominee Kevin Warsh opposes CBDC while exposed to 30+ crypto projects
The Fed is being framed to treat crypto as already inside the system, not outside it. That's the shift: digital assets described as part of US financial services right now, tied to expanding access and consumer protections rather than something fringe to wall off.
At the same hearing, Kevin Warsh drew a hard line the other way on a central bank digital currency, saying the Fed shouldn't pursue one and doesn't even have the authority to issue it. So private-sector crypto gets folded in, while a government-run digital dollar gets shut down.
That stance lands alongside his own disclosure showing indirect exposure to 30+ crypto projects, including Compound, Optimism, Solana, dYdX, and Polymarket, through an employment-linked vehicle.
At the same hearing, Kevin Warsh drew a hard line the other way on a central bank digital currency, saying the Fed shouldn't pursue one and doesn't even have the authority to issue it. So private-sector crypto gets folded in, while a government-run digital dollar gets shut down.
That stance lands alongside his own disclosure showing indirect exposure to 30+ crypto projects, including Compound, Optimism, Solana, dYdX, and Polymarket, through an employment-linked vehicle.
Timeline3
Apr 14
Warsh financial disclosure surfaced showing indirect holdings tied to more than 30 crypto-related projects through an employment-linked vehicle.
Apr 21
At his Senate confirmation hearing, Warsh said digital assets are already part of the fabric of US financial services and backed their incorporation into the industry.
Apr 21
At the same hearing, Warsh said the Fed should not move toward a CBDC and that issuing one is outside the Fed's authority.
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Apr 21