Federal Reserve Nominee's Crypto Portfolio Forces Divestment to Meet Ethics Rules

Kevin Warsh must divest his crypto-related holdings and resign from the board of United Parcel Service to comply with Federal Reserve ethics rules. The requirement follows a financial disclosure revealing assets exceeding $190 million. The portfolio includes indirect exposure to projects such as Compound, Optimism, Blast, and Solana, as well as stakes in Bitwise Asset Management. Warsh also holds two positions in the Juggernaut Fund, each exceeding $50 million, related to his advisory work for the Duquesne Family Office. His holdings include investments in SpaceX and Polymarket. Once appointed, Warsh will be subject to regulations that prohibit individual stock purchases and require pre-approval for all transactions.