Warsh Says He Will Divest Crypto, AI Stakes if Confirmed as Fed Chair

Federal Reserve chair nominee Kevin Warsh faced Senate Banking Committee scrutiny over financial disclosures topping $100 million, potential conflicts of interest and the Fed's independence. Sen. Elizabeth Warren pressed Warsh on whether he could offer preferential access to the Trump family's crypto venture or move to bail out Wall Street. Warsh said his portfolio includes cryptocurrencies and investments in AI-related companies, and pledged to sell any assets that could pose a conflict before taking office if confirmed. Warsh characterized digital assets as part of the U.S. financial services sector. He also said former President Donald Trump has not sought any commitment from him on specific interest-rate decisions. Chair Jerome Powell's term expires May 15. On prediction market Polymarket, users are pricing in a 78% chance Warsh will be confirmed before June.