Federal Reserve chair nominee Kevin Warsh has reported more than $192 million in combined assets in a disclosure filed with the U.S. Office of Government Ethics (OGE), detailing a wide-ranging portfolio that includes crypto-related investments. Warsh said he would divest certain holdings if confirmed. The filing, electronically signed on Feb. 25, 2026 and certified by OGE officials on April 10, 2026, offers the most detailed public snapshot yet of Warsh's finances ahead of an expected Senate Banking Committee confirmation hearing around April 21, 2026. President Donald Trump nominated Warsh in January 2026 to succeed Jerome Powell, whose term as Fed chair ends in May 2026. The White House sent the nomination to the Senate in early March. Warsh's disclosure reflects substantial wealth tied to his marriage to Jane Lauder of The Estée Lauder Companies. Reported assets include Class A and Class B shares in the cosmetics group valued at more than $1 million each, a large portfolio of municipal bonds spanning dozens of states, and an undeveloped land parcel in Suffolk County, N.Y., valued between $5 million and $25 million. On his own holdings, Warsh reported vested phantom stock and restricted stock units in UPS valued between $1 million and $5 million each, plus Coupang Inc. Class A common stock in the same range. He serves on the boards of both UPS and Coupang. Crypto exposure appears largely through venture fund structures. Warsh reported indirect stakes in Solana, Optimism and the Lightning Network through AVGF I, and exposure to Dydx and Polychain via the DCM Investments 10 LLC structure, which also lists a range of fintech and Web3 positions including Compound, Lighter, Lemon Cash and Blast, a yield-generating Ethereum layer-two (L2) protocol. Additional crypto-linked positions are listed under the AVF fund series, including Dapper Labs, Deso, Eulith, Onjuno, Ridian, Friends With Benefits and Zero Gravity, described as an L2 artificial intelligence (AI) blockchain platform. He also disclosed a direct stake in Metatheory Inc., a Web3 company, valued between $1,001 and $15,000, held through Founder Bets Master SPV LLC. The filing lists prior advisory and consulting work, including service as an advisor to Duquesne Family Office LLC, the investment vehicle of billionaire Stanley Druckenmiller, and consulting for Goldentree Asset Management, Heitman LLC and Cerberus Capital Management. Warsh also reported receiving honoraria from firms including State Street Bank, Warburg Pincus, Brevan Howard and Eli Lilly. Two of Warsh's largest single fund positions are in Juggernaut Fund LP, held directly and through Vicarage Corporation, each valued at more than $50 million. Underlying assets were not disclosed due to confidentiality agreements. Warsh pledged to divest both positions if confirmed. The disclosure also lists dozens of THSDFS LLC series positions, valued from $15,001 to $5 million, with underlying assets similarly shielded and accompanied by divestiture commitments. OGE certifying officials said Warsh's disclosure complies with applicable ethics laws, contingent on completion of required divestitures. Warsh, a former Fed governor appointed at age 35 under President George W. Bush, was involved in policymaking during the 2008 financial crisis. In recent years, he has criticized the Fed's expanded balance sheet and a prolonged era of easy money. Analysts expect he would emphasize balance-sheet reduction alongside potential rate cuts in a high-productivity environment, though policy decisions would still be made through the full Federal Open Market Committee. The Senate Banking Committee hearing is expected to focus closely on Warsh's crypto-related holdings and his past critiques of Federal Reserve policy.

Russia's central bank is preparing rules that would require all cryptocurrency traders to complete identity checks (KYC), while blocking users who fail verification from withdrawing crypto assets from domestic platforms, ME News reported on April 15 (UTC+8). Under the proposal, domestic exchanges would be required to fully adopt real-name registration. Users would also be barred from transferring funds from domestic custodial wallets to overseas noncustodial wallets. Regulators are also considering a requirement for residents to declare crypto assets held overseas, aimed at strengthening oversight of capital outflows. Deputy Governor Vladimir Chistyukhin said the measures would not prohibit individuals from holding or using crypto assets, but would prioritize transparency and compliance to reduce money-laundering risks. The package is expected to take effect in July alongside a new round of cryptocurrency regulatory legislation. Analysts see the move as part of Russia's broader effort to manage capital flows amid economic pressure by tightening crypto regulation. (Source: ODAILY)

South Korean regulators have imposed a 5.2 billion won ($3.49 million) fine on crypto exchange Coinone and ordered a three-month partial business suspension after identifying anti-money laundering and customer verification shortcomings. The decision was issued by the Financial Intelligence Unit (FIU) under the Financial Services Commission. Coinone is not being shut down. The restriction is aimed at new customers, who will be unable to deposit or withdraw virtual assets during the sanction period, while existing users are expected to continue trading. Korean won deposits and withdrawals will remain available, according to local reports. The FIU also delivered an official reprimand to Coinone CEO Cha Myunghoon. Coinone has 10 days to submit its position before the penalty is finalized. Regulators said Coinone failed to properly verify customer identities in about 70,000 cases. Authorities also cited transactions involving 16 unregistered overseas virtual asset operators, a breach of South Korean rules governing dealings with non-registered foreign platforms. Yonhap reported roughly 10,000 such transactions, while other local outlets put the figure at 10,113. Maeil Business reported total violations across categories of about 90,000. The suspension is scheduled to run from April 29 through July 28, local media said. During that period, the limitation applies to new-user crypto deposits and withdrawals rather than a broad halt to exchange operations. The action underscores South Korea's continued tightening of oversight for digital asset platforms, with regulators focusing on identity checks, suspicious transaction controls, and exposure to unregistered foreign counterparties.

Fed chair pick Kevin Warsh has disclosed financial holdings that include investments in at least 20 crypto-linked entities, according to a report from the U.S. Office of Government Ethics filed as part of the nomination process. The disclosures list positions tied to decentralized derivatives venue dYdX, decentralized exchange protocol Lighter, venture capital firm Polychain, NFT-focused company Dapper Labs, and tokens including Solana and Optimism.

Kevin Warsh, viewed as a leading candidate to serve as Federal Reserve chair under President Trump, has disclosed personal investments in @Polymarket, SpaceX, and a range of digital assets, according to a Reuters report citing his financial disclosure. The filing points to a portfolio tilted toward next-generation technology and decentralized prediction markets. The holdings set Warsh apart from past Fed leadership and suggest deep familiarity with emerging financial rails.

U.S. senators are weighing a draft compromise that would address how stablecoin issuers can offer yield, as banking industry lobbyists intensify pushback on the issue.

Reuters reported that Federal Reserve nominee Kevin Warsh's latest financial disclosure shows personal assets of more than $100 million. The filing lists two positions in Juggernaut Fund LP, each valued at over $50 million, and small early-stage stakes in several emerging technology and financial firms held through an entity called DCM Investments 10 LLC.

JPMorgan Chase Chief Financial Officer Jeremy Barnum warned that stablecoins could become a vehicle for regulatory arbitrage if forthcoming rules do not hold them to standards comparable to traditional banking. Speaking Tuesday on the bank's first-quarter earnings call, Barnum said the key issue is oversight rather than technology. He argued that some stablecoin structures can mimic bank-like products while sidestepping guardrails applied to deposits, including limits around interest and requirements tied to customer protections. "If the same product isn't regulated the same way, you open the door to arbitrage," he said, pointing to designs that offer rewards resembling yield. In that case, he added, firms could effectively "run a bank" without being subject to core banking rules. The comments come as U.S. lawmakers consider new digital-asset frameworks. The proposed Clarity Act would set parameters for how crypto markets are divided between regulators including the Securities and Exchange Commission and the Commodity Futures Trading Commission, part of a broader push to define rules for stablecoins and related products. A central flashpoint is whether stablecoin issuers—tokens pegged to a traditional asset, most commonly the U.S. dollar—should be allowed to offer yield. Some crypto companies, including Coinbase (COIN), have advocated for the ability to pass through interest earned on reserve assets to coin holders, saying it would make stablecoins more useful as savings vehicles. Banks have opposed the idea, arguing that yield-bearing stablecoins start to look like deposits without the same capital, liquidity and consumer-protection requirements. They say that would tilt the playing field by allowing nonbank firms to attract funds with returns that regulated banks are constrained from offering. Barnum said JPMorgan supports efforts to provide regulatory clarity, but emphasized that consistency matters more than speed. Without consistent standards, he warned, new entrants could gain an advantage by operating outside existing regulatory boundaries. He also played down the notion that stablecoins will disrupt JPMorgan's core payments franchise. The bank already operates a large wholesale payments network that processes transactions at low cost and high speed, leaving limited room for margin-driven disruption. JPMorgan is instead incorporating similar technology into its own platform. Through its blockchain unit, Kinexys, JPMorgan has built products including JPM Coin and tokenized deposits, enabling institutional clients to move funds around the clock and automate transactions. Barnum said these initiatives fit into a broader modernization strategy, with features often associated with stablecoins—such as programmable payments—being added to existing infrastructure rather than replacing it. On the consumer side, Barnum said stablecoins are often positioned as "digital cash" but still face familiar compliance requirements, including identity checks. JPMorgan reported stronger-than-expected first-quarter results, helped by a rebound in trading and investment banking. Net income rose 13% from a year earlier to $16.49 billion, and revenue increased 10% to $50.54 billion. The bank also set aside less than expected for potential loan losses, signaling stable credit conditions among borrowers.