Kevin Warsh: If nominated for approval, will divest cryptocurrency and AI assets

Federal Reserve Chairman nominee Kevin Warsh was questioned during a Senate Banking Committee hearing regarding his financial disclosures exceeding $100 million, potential conflicts of interest, and Federal Reserve independence. Senator Elizabeth Warren questioned whether she could provide special accounts for the Trump family's cryptocurrency companies or provide assistance to Wall Street. Kevin Warsh stated that his holdings include cryptocurrency and AI companies, and promised to divest related assets before taking office if the nomination is approved. He claimed that digital assets are part of the US financial services industry and denied that Trump had asked him to commit to any specific interest rate decisions. Currently, Jerome Powell's term will end on May 15th, and Polymarket users predict a 78% probability of his nomination being approved before June.