"Kevin Warsh's stake in Flashnet links him directly to a company whose fortunes depend on Bitcoin adoption and transaction volume, at a time when he has framed Bitcoin as 'an important asset'."
"Warsh has argued that Bitcoin's price can signal when the Fed is behind the curve on inflation or financial conditions, positioning him as a pro-Bitcoin Fed chair."
"His financial disclosures reveal assets likely exceeding $100 million, including stakes over $50 million in Juggernaut Fund LP and multimillion-dollar consulting income."
"Warsh pledged to divest several opaque or potentially conflicting assets, a step ethics officials said would bring him into compliance with regulatory standards."
Kevin Warsh, nominated for Federal Reserve chair, has disclosed an equity stake in Bitcoin payments start-up Flashnet. This stake connects him to a company focused on enhancing Bitcoin transactions. Warsh has previously described Bitcoin as an important asset and a useful indicator for Fed policy. His nomination is advancing, with a Senate confirmation hearing anticipated soon. Warsh's financial disclosures reveal assets exceeding $100 million, including significant investments and consulting income, and he has pledged to divest potentially conflicting assets.
Read at Bitcoin Magazine
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